Calculation of cost per equivalent unit for materials

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Reference no: EM1313137

Calculation of cost per equivalent unit for materials.

Oversites, Inc, uses a process costing system. The company's work-in-process inventory account at February 28^thconsists of 70,000 units which are 100% complete with respect to materials and 80% complete with respect to conversion costs. If the balance in the work-in-process inventory account is $546,000 and the cost per equivalent unit for conversion costs is $6.00, what is the cost per equivalent unit for materials?

Calculation of budgeted production.

Budgeted sales (in units) for the Payton Company are as follows:

September	45,000 units
October	60,000 units
November	40,000 units
December	75,000 units

The company wishes to have 10% of the next month's sales on hand at the end of each month. Budgeted production for November is?

Reference no: EM1313137

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