Balfanz Company has the following information for its Finishing Department for the month of September:
Work in Process Inventory, September 1:50,000 units |
|
Direct materials: 100% complete | $ 150,000 |
Conversion' 40% complete | 120 000 |
Balance in work in process, September 1 | $ 270,000 |
Units started during September | 300,000 |
Units completed and transferred in September | 280,000 |
Work in process (80% complete), September 30 | ? |
Costs charged to Work in Process in September |
|
Direct materials | $1,200,000 |
Conversion costs: |
|
Direct labor | $1,000 000 |
Overhead applied | $1,212,000 |
Total conversion | $2,212,000 |
Assume materials are added at the start of processing.
Instructions
a. Calculate the equivalent units for the Finishing Department for the month of September.
b. Find the cost per equivalent unit of the transferred units.
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