Homework Answers
How many units are in process at May 31?
600 units in the beginning inventory + 1,600 units started - 1,600 units transferred out = 600 Units
What is the unit materials cost for May?
Direct Material Cost = 6940 + 2740 = $9680
Equivalent Units =Units Tranfered out + Ending Wip = 1600 + 600 =2200
Direct Material Cost per Unit = 9680/2200 = $4.40 per Unit
What is the unit conversion cost for May?
conversion cost=4766+2280+1050 = 8096
Equivalent Units =1600+600*.40 =1840 units
unit conversion cost =8096/1840 = $4.40 per unit
What is the total cost of units transferred out in May?
1600*(4.4 + 4.4) = $14080
What is the cost of the May 31 inventory?
= (600*4.4) + (600*.40 *4.4) = $3696
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