Question

NEED HELP WITH ALL PARTS 1-3

ebook Calculator Nonuniform Inputs Apeto Company produces premium chocolate candy bars. Conversion costs are added uniformly. For February, EWIP is 40 percent complete with respect to conversion costs. Materials are added at the beginning of the process. The following information is provided for February Physical flow schedule Units to account for: Units in WWTP Units started 70,000 Tetal units to account for 70,000 Units accounted for Units completed From BWP 0 Started and completed 50,000 30,000 Units in WIP 20,000 Total counted for 70.000 Direct Material Conversion Costa 531,500 581.200 Required: 1. Ce the counts for each out Category A Macho 1 T Т. Y E K к H N M B С command

Answer 1

1)
	Equivalent units
Direct materials	70,000
Conversion ( 50,000 + ( 20,000 x 40% )	58,000

2)
Unit direct materials cost ( $ 31,500 / 70,000 )	$ 0.45
Unit conversion cost ( $ 81,200 / 58,000 )	$ 1.45
Total Unit cost	$ 1.85

3)
New unit cost = Total Unit cost + ( Cost added / Units completed )    = $ 1.85 + ( $ 5,000 / 50,000 )    = $ 1.85 + $ 0.10	$ 1.95