Calculate the equivalent units of production

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Reference no: EM1348375

The Mixing Department of Cherry Manufacturing Company has the subsequent production and manufacturing cost data for January.

Production- Beginning inventory 8,000 units that are 100% whole as to materials and 40% complete as to conversion costs, units started into production 27,000, ending inventory of 12,000 units 20% complete as to conversion costs.

Manufacturing Costs- Beginning work in process inventory of $40,000, comprised of $30,000 of materials and $10,000 of conversion costs.

Materials added during the month, $110,000; labour and overhead applied during the month, $62,000 and $55,000 respectively.

Instructions

(a) Calculate the equivalent units of production for materials and conversion costs for the month of January.

(b) Calculate the unit costs for materials and conversion costs.

Reference no: EM1348375

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