4. Carson Manufacturing, Inc. makes refrigerator replacement parts. In May, Cars

Question

4. Carson Manufacturing, Inc. makes refrigerator replacement parts. In May, Carson produced 2,000 units. Costs incurred were as follows: Direct Labor per unit (2 hrs. @ S15/hr.): Direct Materials per unit: Indirect Labor (maintenance): Indirect Materials (total used): Manufacturing Overhead application rate (per unit): $30 $15 $35,000 $2,000 $5 Given this data, what was the Conversion Cost per unit? Work in Process Inventory was $23,000 at the beginning of the period, and $19,000 at the end of the period. Total Manufacturing costs for the period were $74,000. Sold for the period was $95,000. 5. Cost of Goods If the beginning balance of Finished Goods Inventory was $65,000, what is the ending balance in Finished Goods Inventory?

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Direct labor per unit                         30.00 Indirect labour per unit = 35000/2000                         17.50 Indirectmaterials = 2000/2000                            1.00 Manufacturing overhead application rate                            5.00 Conversion cost per unit                         53.50 Q5 Total manufacturing costs                 74,000.00 Plus: Beginning work-in-process inventory                 23,000.00 Total work in process                   97,000.00 Less: Ending work-in-process inventory               (19,000.00) Cost of Goods Manufactured                 78,000.00 Add Beginning Finished Goods inventory                 65,000.00 Total goods available for sales               143,000.00 cost of goods sold                   95,000.00 Ending balance in Finished goods inventory = 143,000 - 95,000                 48,000.00

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