Reference no: EM133113539
Question - Kramer Corp. began the current period with 4,040 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,540 in direct materials and $4,780 in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with 21,500 units completed and 5,160 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $68,900 in direct materials costs, $7,180 in direct labor costs, and $40,000 in manufacturing overhead costs during the period.
a) Determine the equivalent unit of material?
b) Determine the equivalent unit of conversion?
c) Determine the cost per equivalent unit of material?
d) Determine the cost per equivalent unit of conversion?
e) Determine the cost of ending work in process?
f) Determine the cost of goods completed and transferred out?
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