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aleksklad [387]
3 years ago
10

Marigold Company has the following equivalent units of production for July: materials 23240 and conversion costs 18500. Producti

on cost data are: Materials Conversion Work in process, July 1 $ 5100 $ 3400 Costs added in July 53000 41000 The unit production costs for July are:
Business
1 answer:
melisa1 [442]3 years ago
4 0

Answer:

Unit production is $4.9

Explanation:

Unit production per unit of materials=(materials WIP+cost of additional materials)/equivalent units of materials

materials WIP is $5100

cost of additional materials is $53000

equivalent units of materials is 23240

unit production cost per material=($5100+$53000)/23240

                                                      =$2.5

Unit production per unit of conversion costs=(Conversion  WIP+additional conversion costs)/equivalent units of conversion costs

Conversion  WIP is $3400

additional conversion costs $41000

equivalent units of conversion costs 18500

unit production cost per conversion cost =($3400+$41000)/18500

                                                                  =$2.4

The unit production cost is $2.5+$2.4=$4.9

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3 years ago
Read 2 more answers
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