Reference no: EM13866664
The Polishing Department of Lorin Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.
Production: Beginning inventory 1,600 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 39,500; ending inventory of 6,200 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of $22,060 of materials and $52,686 of conversion costs; materials costs added in Polishing during the month, $191,660; labor and overhead applied in Polishing during the month, $126,220 and $257,990, respectively.
a) Compute the equivalent units of production for materials and conversion costs for the month of September.
The equivalent units of production:
Materials:
Conversion Costs:
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: The Polishing Department of Lorin Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Compute the equivalent units of production for materials and conversion costs for..
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