Production beginning inventory 5000 units that are 100

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Reference no: EM13583018

The Detailing Department of Jackson Manufacturing Company has the following production and manufacturing cost data for February.

Production: Beginning inventory 5,000 units that are 100% complete as to materials and 30% complete as to conversion costs; units started into production 15,000; ending inventory of 4,000 units that are 30% complete as to conversion costs.

Manufacturing Costs: Beginning work in process inventory of $50,000, comprised of $30,000 of materials and $20,000 of conversion costs. Materials added during the month, $94,000; labor and overhead applied during the month, $72,000 and $45,000, respectively.

Instructions

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

(b) Compute the unit costs for materials and conversion costs.

Reference no: EM13583018

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