Purchase Solution

Compute cost per equivalent unit

Not what you're looking for?

Ask Custom Question

During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 30,000 were in process in the production department at the beginning of April and 120,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to labor. At the end of April, 41,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to labor. The production department had $425,184 of direct materials and $326,151 of direct labor cost charged to it during April. Also, its beginning inventory included $59,236 of direct materials cost and $22,794 of direct labor.

Compute the cost per equivalent unit of direct materials and direct labor using FIFO. (with the explanation)

Purchase this Solution
Solution Summary

The solution Compute cost per equivalent unit of direct materials and direct labor using FIFO.

Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

View More Free Quizzes
Related BrainMass Solutions

  • Process Costing: Compute equivalent units produced, transferred

    per equivalent unit equals the cost added during the period over the equivalent units of production. 2.

  • Process costing

    Compute the cost per equivalent unit The cost per equivalent unit = Total cost incurred/equivalent units Conversion cost = labor + overhead Material Conversion Costs in beginning WIP 20,000 40,000 Costs during the month 211,000

  • Cost per Equivalent unit/FIFO

    Compute cost per equivalent unit under FIFO method. Please see the attached file. Excel file contains calculations of cost per unit using FIFO.

  • Cost per equivalent unit; Costs assigned to products

    Required: 1.Determine the equivalent units of production with respect to (a) direct labor and (b) direct materials. 2.Compute both the direct labor cost and the direct materials cost per equivalent unit. 3.Compute both direct labor cost and direct

  • Process Costing using Weighted Average Method

    Compute equivalent unit materials and conversion. 2. Compute unit cost per equivalent unit materials and conversion. 3. Compute costs of units transferred out. 4. Determine ending balance of work in process for materials and conversion cost.

  • FIFO Method

    127386 Calculations of Number of Equivalent Unists - FIFO Method 1- Compute the total cost per equivalent unit for the month. 2- Compute the equivalent units of material and conversion costs in the ending inventory. 3- Compute the equivalent units of

  • Costs per equivalent unit

    Overhead costs per equivalent unit $12.50 $3.20 $6.40 Required: 1- Compute the total cost per equivalent unit for the month. 2- Compute the equivalent units of materials , labor, and overhead in the

  • Equivalent Units of Activity, Cost per Equivalent Unit, Returns

    The solution determines the equivalent units of activity, cost per equivalent unit and returns.

  • Production Cost Report

    Use the following three steps as guide in preparing your report. 1- Prepare a quantity schedule and compute the equivalent units. 2- Compute the costs per equivalent unit for the month. 3-Using the data from 1 and 2 above, prepare a cost reconciliation

View More Related Solutions