Answer:
3.
Compute the direct material cost and conversion cost assigned to units completed and transferred out and ending work in process inventory:
Cost of units transferred out | EUP | Cost per EUP | Total Cost | |
Direct material | 780000 | 4.5 | 3510000 | |
Conversion | 780000 | 1.98 | 1544400 | |
Total Cost unit transferred out | 5054400 | |||
Cost of ending work in process | ||||
Direct material | 191000 | 4.5 | 859500 | |
Conversion | 171900 | 1.98 | 340362 | |
Total cost of ending work in process | 1199862 | |||
Total Cost accounted for | 6254262 |
Working:Cost per equivalent unit
Materials = 568035+3801465=4369500/971000=4.5
Conversion = 75000+1736030=1811030/913700= 1.98
3. Compute the direct material cost and the conversion cost assigned to units completed and transferred...
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