The answers that I got before were:
A) for Direct materials is $237,000 and for conversion is $283,000
B) For direct materials is 3.20 and for conversion is 4.09.
The assignment said that these were not correct. Thank you in advance for your help!
Homework Answers
a,
| Physical units | Direct Material | Conversion | |
| Beginning work in process | 20,000 | 0 | 16,000 |
| Units started and completed | 38,000 | 38,000 | 38,000 |
| Ending work in process | 16,000 | 16,000 | 11,200 |
| Equivalent units | 54,000 | 65,200 |
b.
| Direct material | Conversion | |
| Cost charged in august | $157,000 | $259,000 |
| Equivalent units | 54,000 | 65,200 |
| Cost per equivalent unit | $2.9 | $3.97 |
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The answers that I got before were:
A) for Direct materials is $237,000 and for conversion...
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Explanations for each answer are
appreciated.
Badgersize Company has the following information for its Forming Department for the month of August Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $80,000 24,000 $ 104,000 48,000 56,000 conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs Direct labor...
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