What average cost of each unit remaining in ending wip

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Reference no: EM132516992

At H&K Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

WIP beginning units                                    11,000 units

Units added                                              12,000 units

Units completed and transferred out               17,000 units

WIP ending units (40% for conversion)            6,000 units

Beginning WIP direct materials cost                  $50,000

Beginning WIP conversion cost                        $78,600

Costs of materials added                                $226,000

Costs of conversion added                           $290,000

At H&K Corporation,

Question a. What are the total equivalent units for direct materials?

Question b. What are the total equivalent units for conversion costs?

Question c. What is the cost per equivalent unit for direct materials?

Question d. What is the cost per equivalent unit for conversion costs?

Question e. What is the cost of each unit completed and transferred out?

Question f. What is the average cost of each unit remaining in ending WIP?

Question g. H&K corporation sets the selling price of each completed unit four times its manufacturing cost (the manufacturing cost is 25% of selling price). How much do they sell each completed unit?

Reference no: EM132516992

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