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Calculate the equivalent units for the Forming Department

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Reference no: EM132500060

Question - Badgersize Company has the following information for its Forming Department for the month of August.

Work in Process Inventory, August 1: 20,000 units

Direct materials: 100% complete $80,000

Conversion: 20% complete 24,000

Balance in work in process, August 1$104,000

Units started during August 48,000

Units completed and transferred in August 59,000

Work in process (70% complete), August 31 ?

Costs charged to Work in Process in August Direct materials $140,000

Conversion costs: Direct labor $105,000

Overhead applied 137,000

Total conversion $242,000

Assume materials are added at the start of processing.

Required -

a. Calculate the equivalent units for the Forming Department for the month of August.

b. Find the cost per equivalent unit of input resource.

Reference no: EM132500060

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