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Compute the unit costs for the month

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Reference no: EM131564142

Problem - The blending department of Luongo company has the following cost and production data for the month of April Costs:

Work in process, April 1

Direct materials; 100% complete $100,000

conversion costs: 20% complete 70,000

Cost of work in process, April 1 =$170,000

Costs incurred during production in April

Direct materials $800,000

Conversion cost 365,000

Costs incurred in April =$ 1,165,000

Units transferred out totaled 17,000. Ending work in process was 1,000 units that are %100 compl to materials and 40% compl as to conversion costs

Instructions -

(a) Compute the equivalent units of production for (1) materials and (2) conversion costs for the month.

(b) Compute the unit costs for the month.

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

Reference no: EM131564142

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