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Jul Angerlal Accounting, Fifth Canadian Edition Help System Announcements RCES ent Question 28 Quebec Manufacturing Ltd....

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Jul Angerlal Accounting, Fifth Canadian Edition Help System Announcements RCES ent Question 28 Quebec Manufacturing Ltd....

Jul Angerlal Accounting, Fifth Canadian Edition Help System Announcements RCES ent Question 28 Quebec Manufacturing Ltd. has
Jul Angerlal Accounting, Fifth Canadian Edition Help System Announcements RCES ent Question 28 Quebec Manufacturing Ltd. has the following information regarding its February costs and production: Beginning work in process 27,600 units Started in production 110,600 units Completed production 100,000 units Ending work in process 38,200 units 1. Materials are added at the beginning of the process. Beginning WIP was 55% complete for conversion costs and ending WIP was 30 2. Beginning inventory costs consist of $75,000 for materials, $30,600 for direct labour, and $30,600 for overhead. 3. Costs incurred during February were $586,180 for materials, $200,400 for labour, and $295,442 for overhead. complete for conversion or Determine the equivalent units of production for materials and conversion costs for February using the FIFO method. Materials Conversion costs Equivalent units LINK TO TEXT Calculate the unit costs. (Round unit costs to 3 decimal places, e.g. 15.251.) Unit costs Materials Conversion Total Study

Answers

Materials Conversion costs
Beginning work in process 0 12420 =27600*(1-55%)
Started and completed 72400 72400 =100000-27600
Ending work in process 38200 11460 =38200*30%
Equivalent units 110600 96280
Unit costs
Materials 5.300 =586180/110600
Conversion 5.150 =(200400+295442)/96280
Total 10.450


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