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What are the equivalent production units for materials

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Question - Refer to the data from Butler Company's Finishing Department.

Butler Company's Finishing Department

Quantity

Work in Process - Beginning 50

Transferred In From Assembling Department 1420

Transferred Out to Finished Goods

Work in Process - Ending 400

Stage of Completion of Ending Work in Process

Materials complete

Labor 70%

Factory Overhead 80%

How many units were transferred to Finished Goods?

What are the equivalent production units for materials, labor, and factory overhead, respectively, in the ending Work in Process?

If costs transferred from the Assembling Department totaled $85,200; beginning work in process in the Finishing Department totaled $3,100 ( materials, $2,000; labor, $600; overhead, $500) ; and Total Costs to Be Accounted For are $100,000, what were the costs for the Finishing Department in the current month?

Assume that materials costs incurred in the current month in the Finishing Department total $5,938. What is the unit cost of materials in the Finishing Department?

Assume that labor costs incurred in the current month in the Finishing Department total $4,530. What is the unit cost of labor in the Finishing Department?

Reference no: EM131986926

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