Question

Units Percent Complete 60 % 440 1,120 600 40 % Production Data-Basketballs Work in process units, July 1 Units started into pAnswer CLOSE Problem 3-5A (Video) (Part Level Submission) Calculate the equivalent units of production for materials and conv(a2) Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Cost per unit

Materials Conversion Cost
Beginning WIP 780 620
Cost added 2028 1540
Total Cost 2808 2160
Equivalent unit 1560 1200
Cost per unit 1.8 1.8
Add a comment
Know the answer?
Add Answer to:
Units Percent Complete 60 % 440 1,120 600 40 % Production Data-Basketballs Work in process units,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Units Percent Complete 60 % 440 1,120 600 40 % Production Data-Basketballs Work in process units,...

    Units Percent Complete 60 % 440 1,120 600 40 % Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $780 620 $1,400 2,028 530 1,010 Answer CLOSE Problem 3-5A (Video) (Part Level Submission) Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units 1,560 1,200 (a2) Your answer is...

  • Units Percent Complete 60 % 440 1,120 600 40 % Production Data-Basketballs Work in process units,...

    Units Percent Complete 60 % 440 1,120 600 40 % Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $780 620 $1,400 2,028 530 1,010 Answer CLOSE Problem 3-5A (Video) (Part Level Submission) Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units 1,560 1,200 (a2) Your answer is...

  • Problem 3-5A (Video) (Part Level Submission) Polk Company manufactures basketballs. Materials are added at the beginning...

    Problem 3-5A (Video) (Part Level Submission) Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Units Percent Complete 440 60 % 1,120 600 40 % Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct...

  • Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion...

    Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Percent Complete Production Data-Basketballs Units Work in process units, July 1 550 60 % Units started into production 1,400 Work in process units, July 31 600 40 % Cost Data-Basketballs Work in process, July 1 Materials $750 Conversion costs 610 $1,360 Direct materials 2,370 Direct labor 654...

  • Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion...

    Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Percent Complete 60% Units 500 1,000 600 40% Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $750 600 $1,350 2.400 1.580...

  • Problem 16-05A Polk Company manufactures basketballs. Materials are added at the beginning of the production process...

    Problem 16-05A Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Production Data—Basketballs Units Percent Complete Work in process units, July 1 500 60 % Units started into production 1,000 Work in process units, July 31 600 40 % Cost Data—Basketballs Work in process, July 1     Materials $750     Conversion costs 600 $1,350 Direct materials 2,400 Direct...

  • Problem 17-5A (Part Level Submission) Polk Company manufactures basketballs. Materials are added at the beginning of...

    Problem 17-5A (Part Level Submission) Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2017 are as follows Percent Complete 60 % Units Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 590 1,230 530 40 % Materials $790 Conversion costs Direct materials Direct...

  • UL U ule pluULUUH process and conversion costs are incurred uniformly. Production and cost data for...

    UL U ule pluULUUH process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows. Percent Units Complete 530 60% 1.320 600 40% Production Data-Basketballs Work in process units, July 1 Units started into production Work in process units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Direct materials Direct labor Manufacturing overhead $720 640 $1,360 2.425 663 1.230 V Your answer is correct Calculate the equivalent...

  • Swifty Company manufactures basketball Materials are deathe production process and conversion costs incurred ory Production and...

    Swifty Company manufactures basketball Materials are deathe production process and conversion costs incurred ory Production and cost data for the northet 2020 Production Data Basketballs Work in process units, July 1 Units stated into production Work in process units, fly 31 CostDataBasketball 560 Work in process, July 1 Materials Conversion costs Direct materials Direct labor Marutacturing overhead We were unable to transcribe this imagePrepare a production cost report for the month of July for the basketballs. (Round unit costs to...

  • Swifty Company manufactures basketball Materials are deathe production process and conversion costs incurred ory...

    Swifty Company manufactures basketball Materials are deathe production process and conversion costs incurred ory Production and cost data for the northet 2020 Production Data Basketballs Work in process units, July 1 Units stated into production Work in process units, fly 31 CostDataBasketball 560 Work in process, July 1 Materials Conversion costs Direct materials Direct labor Marutacturing overhead Calculate the equivalent units of production for materials and conversion costs. Materials Conversion Costs Equivalent Units Calculate the unit costs of production for...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT