The debits to Work in Process—Assembly Department for April, together with data

Question

The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows:

All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is

a.$3.40

b.$2.95

c.$3.03

d.$2.61

April 1, work in process:    Materials cost, 3,000 units $ 7,816 Conversion costs, 3,000 units, 40% completed 5,389 Materials added during April, 10,000 units 26,222 Conversion costs during April 33,967 Goods finished during April, 12,000 units 0 April 30 work in process, 1,000 units, 40% completed 0

Explanation / Answer

Particulars

$

conversion costs

5389

conversion costs during April

33967

39356

Number of equivalent units

13000

conversion cost per equivalent unit

3.03

Ans: $3.03

Particulars

$

conversion costs

5389

conversion costs during April

33967

39356

Number of equivalent units

13000

conversion cost per equivalent unit

3.03

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