Homework Answers
Units transferred to the next department = Beginning work in process inventory + units Started into production - Ending work in process inventory
= 14,000 + 76,000 - 20,000
= 70,000
| Conversion | |
| Units transferred to the next department | 70,000 |
|
(+) Ending work in process inventory : Conversion : 20,000* 10% |
2,000 |
| Equivalent units of production | 72,000 |
| Cost in beginning work in process inventory | $92,218 |
| (+) Additional conversion cost | $571,618 |
| Total cost | $663,836 |
| Equivalent units of production | 72,000 |
| Cost per equivalent unit (Total cost / Equivalent units of production) | 9.220 |
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