Question
Baden Company has gathered the following information. 44,000 7,700 Units in beginning work in process Units...
Baden Company has gathered the following information. 44,000 7,700 Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 40% 100% $74,800 $68,000 $103,300
Determine the unit costs of production. (Round unit costs to 2 decimal places, eg. 2.25.) Materials Conversion Costs Unit costs $ e Textbook and Media * Your answer is incorrect. Show the assignment of costs to units transferred out and in process. (Round answers to decimal places, e.g. 1,225.) Units transferred out Units in ending work in process $
Answers
Unit Cost of Production :-
Materials
Conversion Cost
Unit Costs
$1.70
$4.35
Unit Cost = Total cost/Equivalent units
Material Equivalent unit = Units transferred + Ending WIP
Units transferred = 44000 – 7700 = 36300 units
Material Equivalent unit = 36300 + (7700 * 100%) = 44000 units
Unit Cost for material = $74800/44000 units = $1.70
Conversion Equivalent unit = 36300 + (7700 * 40%) = 39380 units
Unit Cost for Conversion = ($68000 + $103300)/39380 = $4.35
Cost of Units transferred out and in process:-
Units transferred out
$219615
Units in Ending Work in Process
$26488
Units transferred out = 36300 * ($1.70 + $4.35) = $219615
Units in Ending Work in Process = (7700 * $1.70) + (3080 * $4.35) =
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