Problem

DeJure Scents manufactures an aftershave and uses process costing. All materials are add...

DeJure Scents manufactures an aftershave and uses process costing. All materials are added at the beginning of the process and conversion costs are incurred uniformly over time. In May, DeJure started 15.000 gallons. There was no beginning inventory. May’s ending inventory of work in process was 2,000gallons, which were 50 percent complete with respect to conversion costs.

In May, conversion costs were $28,000 and materials costs were $45,000.

Required:

a. Calculate the equivalent units of conversion and materials.

b. Calculate the cost per equivalent unit of conversion and materials.

c. Calculate the cost of the ending inventory and the cost transferred to finished goods inventory.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search
Solutions For Problems in Chapter 9