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Calculate the equivalent units of production for materials

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Reference no: EM132663727

Montreal Manufacturing Inc. has the following cost and production data for the month of April.

Beginning WIP17,500 units

Started in production 105,000

Completed production 90,400

Ending WIP 32,100

The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process.

Costs pertaining to the month of April are as follows:

Beginning inventory costs are:

Materials$65,800

Direct labour18,700

Factory overhead15,200

Costs incurred during April include:

Materials$556,500

Direct labour197,700

Factory overhead381,925

Problem 1) Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method.

Problem 2) Calculate the unit costs for the month.

Materials $

Conversion costs $

Total

Problem 3) Determine the costs to be assigned to the units transferred out and in ending work in process.

Reference no: EM132663727

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