Determine the cost of the units completed and transferred

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Reference no: EM132955232

Question - Costs Analysis - Single Department (No beginning inventory) - The following data appeared in the accounting records of Department I of Ultima Company:

Started in process 12,000 units

Completed and transferred 10,500 units

Work in process, end (2/5 complete) 1,500 units

Costs:

Materials P 72,000

Labor 88,800

Overhead 44,400

One half of the materials are added at the beginning of the process and the balance when the units are one-half completed.

Required -

1. Determine the EUP for materials and conversion costs.

2. Determine the Cost of the units completed and transferred.

3. Determine the Cost of the units in process at the end of the month.

Reference no: EM132955232

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