Answer
Physical Units |
Physical Units |
||
Beginning Units |
31,000 |
Units completed |
40,000 |
Units started |
82,000 |
Ending Units |
73,000 |
Total Units |
113,000 |
Total Units |
113,000 |
Physical Units |
Direct Material - Equivalent unit |
Conversion - Equivalnet unit |
|
Units completed |
40,000 |
40,000 |
40,000 |
Ending Inventory |
73,000 |
73,000 |
37,960 [73000 x 52%] |
Total |
113,000 |
113,000 |
77,960 |
Working |
Direct Material |
Conversion |
|
A |
Beginning Cost |
$36,000 |
$101,000 |
B |
Current period cost added |
$88,000 |
$161,000 |
C = A + B |
Total Cost |
$124,000 |
$262,000 |
D |
Equivalent units |
113,000 |
77,960 |
E = C/D |
Cost per Equivalent unit = ANSWER |
$ 1.09735 |
$ 3.36070 |
Direct Material |
Conversion |
Total Cost |
|
Units Completed |
$43,894 |
$134,428 |
$178,322 |
Ending Inventory |
$80,106 or $ 80,107 |
$127,572 |
$207,678 or $ 207,679 |
Total Cost accounted for |
$124,000 |
$262,000 |
$386,000 |
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