Reference no: EM132448975
Summary information from a company's job cost sheets shows the following information:
- job April May BB3 $3,500 $1,500 BB4 9,231 BB5 2,540 BB6 3,230
- June
- $1.434
- Completed Sold May Not sold April May May June July Not sold What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for April, May, and June? (6 points)
Problem
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. (I point each)
A. What are the prime costs?
B. What are the conversion costs?
C. What is the total product cost?
D. What is the total period cost?
E. If 13,750 equivalent units are produced, what is the equivalent material cost per unit?
F. If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?