Question

The Fitting Department’s cost per equivalent unit for conversion cost for March was $6.01. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

Answer 1

Answer:

units transferred to the next department = units in beginning wip + units started into production - units in ending wip    

= 8400 + 52800 - 3700

= 57,500 units

Units completed and transferred out :                                              Conversion

Units transferrd to the next deptt                                                        57,500

cost per unit                                                                                           $9.56

Cost of units completed and transferred out                                 $549,700