Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work

Question

Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for the month of March: Units in BWIP Units completed Units in EWIP (60% complete) Total manufacturing costs Required: 1. What is the output in equivalent units for March? 21,600 2,250 $82,620 22,050 equivalent units 2. What is the unit manufacturing cost for March? Round your answer to the nearest cent. 4.9 X per unit 3. Compute the cost of goods transferred out for March. $105,840 X 4. Calculate the value of March's EWIP $2,205 X

Explanation / Answer

SOLUTION

1.

Output in equivalent units for March is 22,950.

2.

Unit manufacturing cost for March is $3.60

3.

Cost of goods transferred out for March is $77,760

4.

Particulars Units Units completed 21,600 Add: Ending work in process @60%*2,250 1,350 Output in equivalent units 22,950

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.