Answer:
Pressing Department. Round "cost per equivalent unit" answers to the nearest cent.
a. Total conversion cost $
b. Conversion cost per equivalent unit $
c. Direct materials cost per equivalent unit $
a. Total conversion cost 252.900
b. Conversion cost per equivalent unit 0.61
c. Direct materials cost per equivalent unit 3.20
Explanation:
Solution
a. Total conversion cost 252.900
b. Conversion cost per equivalent unit 0.61
c. Direct materials cost per equivalent unit 3.20
Statement of Equivalent Units(Weighted average)
Material Conversion cost
Units Complete % Equivalent units Complete % Equivalent units
Transferred out 163.000 100% 163,000 100% 163,000
Ending WIP 14,000 100% 14,000 40% 5,600
Total 177,000 Total 177,000 Total 168.600
.
Cost per Equivalent Units (Weighted average)
COST Material Conversion cost TOTAL
Beginning WIP Inventory Cost $ 0
Cost incurred during period 628.350 252.900 881.250
Total Cost to be accounted for 566,100 102,900 669,000
Total Equivalent Units 177,000 168.600
Cost per Equivalent Units 3.20 0.61 3.81
