Badgersize Company has the following information for its Forming Department for

Question

Badgersize Company has the following information for its Forming Department for the month of August:

Assume materials are added at the start of processing.

Calculate the equivalent units for the Forming Department for the month of August.

Find the cost per equivalent unit of the transferred units. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

   Work in Process Inventory, August 1: 20,000 units         Direct materials: 100% complete $ 80,000           Conversion: 20% complete 24,000           Balance in work in process, August 1 $ 104,000      Units started during August 53,000      Units completed and transferred in August 57,000      Work in process (70% complete), August 31 ?      Costs charged to Work in Process in August         Direct materials $ 127,000           Conversion costs:         Direct labor $ 117,000           Overhead applied 140,000      Total conversion $ 257,000  

Explanation / Answer

a) Direct material Conversion equivalent unit 53000 64200

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