Calculate the cost per equivalent unit for direct materials

Reference no: EM131977362

Problem

XYZ Company uses process costing to track its costs in two sequential production departments: Forming and Finishing. The following information is provided regarding the Forming department.

Forming Department Month Ended June 30

Unit information Beginning work in process, June 1 --- 6,000 units

Started into production during June --- 30,000 units Completed and transferred to Finishing Department during June ---

22,000 units Ending work in process, June 30 --- 14,000 units (25% complete as to direct materials and 40% complete as to conversion costs)

Cost information Beginning work in process as of June 1 consists of $10,000 of direct materials costs and $5,500 of conversion costs --- total: $15,500 Direct materials used in June --- $27,000 Conversion costs incurred in June --- $14,850 Please answer both of the following questions and show your calculation work:

(a) Calculate the number of total equivalent units for direct materials.

(b) Calculate the cost per equivalent unit for direct materials.

Reference no: EM131977362

Questions Cloud

What is the pulsar angular acceleration : (a) What is the pulsar's angular acceleration? (b) If is constant, how many years from now will the pulsar stop rotating?

What did each cap component cost on a per-unit basis : What did each cap component cost on a per-unit basis? What is the probable type of behavior that each of the costs exhibits?

Provide a summary of the political issue : How is this information relevant? How does my conclusion address the complexities of the issue?

How much is maximum amount frodo should be willing to pay : Frodo, a junior engineer at Baggins Metal Works is considering the introduction of a new line of products. In order to produce the new line.

Calculate the cost per equivalent unit for direct materials : Calculate the number of total equivalent units for direct materials. Calculate the cost per equivalent unit for direct materials.

Calculate the dividend per share to be received : Fritz Corporation has 750,000 shares of preferred stock and 1,600,000 shares of common stock. The cumulative preferred stock has a stated dividend.

What is the break-even unit volume in the first year : At what price will Diversified Citrus Industries be selling its product to wholesalers? What is the break-even unit volume in the first year?

What is angular velocity in revolutions per second : What is her angular velocity in revolutions per second after she pulls in her arms?

Prepare a cash budget for the two months : UUAC5300 - Accounting and Finance for Executives - Prepare a cash budget for the two months ended February 28, 2018 showing the expected cash balance

User Account

All Pages