Equivalent units of production

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Reference no: EM13918742

Instructions: Using the following data, complete the requirements given below. The Machining Department of Grouper Corporation reports the following for October 2010: Production: All materials are added at the beginning of the process. Beginning work in process 20,000 units, 60% complete. Units started into production 250,000 units. Ending work in process 10,000 units, 30% complete. Manufacturing Costs: Beginning work in process, $45,000, comprised of $17,000 of materials and $28,000 on conversion costs. Materials added $183,000; labor and overhead added $511,000. Compute equivalent units of production for (1) materials and (2) conversion costs. (1=270000, 2=263000) Compute the unit costs for the month. ($.740741 materials and $2.049430 conversion cost and $2,790171 total Determine the costs to be assigned to the units transferred out. ($725,444) Determine the costs to be assigned to units in ending work in process. ($13,555)

Reference no: EM13918742

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