Solution-Compute the cost per equivalent unit for conversion

Compute the cost per equivalent unit for conversion

Assignment Help Cost Accounting

Reference no: EM132744280

Question - Harmon Company uses the weighted-average method in its process costing system. The Curing Department of Harmon Company reported the following information for the month of November:

	Units	Conversion percentage complete
Work in process, November 1	10,000	80%
Units started	28,000
Completed and transferred out	30,000
Work in process, November 30	8,000	30%

Costs for November:	Materials	Conversion
Work in process, November 1	$34,500	$48,600
Added during the month	$146,000	$194,400

All materials are added at the beginning of the process.

Required - Compute the following items for the company's monthly production report using the weighted-average method:

a) The equivalent units (EUs) of production for materials.

b) The cost per equivalent unit for conversion.

c) The total cost assigned to units transferred out of the Curing Department during November.

d) The cost assigned to work-in-process inventory as of November 30.

Reference no: EM132744280

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Compute the cost per equivalent unit for conversion

Reference no: EM132744280

Reference no: EM132744280

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