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value: 10 points Badgersize Company has the foll...

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value: 10 points Badgersize Company has the following information for its Forming Department for the month of August: Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $ 80,000 Conversion: 20% complete 24,000 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Balance in work in process, August 1 $ 104,000 Units started during August 47,000 Units completed and transferred in August 59,000 Work in process (70% complete), August 31 ? Costs charged to Work in Process in August Direct materials $ 137,000 Conversion costs: Direct labor $ 118,000 Overhead applied 136,000 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Total conversion $ 254,000 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Assume materials are added at the start of processing. a. Calculate the equivalent units for the Forming Department for the month of August. Direct materials Conversion Equivalent units -------------------------------------------------------------------------------- b. Find the cost per equivalent unit of the transferred units. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Direct materials Conversion Cost per equivalent unit $ $

 

Paper#8036 | Written in 18-Jul-2015

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