Answer the following questions using the information below: Ti uses two imekeepe

Question

Answer the following questions using the information below: Ti uses two imekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing syste cost categories, direct materials and conversion costs. Each product must pass Department and the Testing Department. Direct materials are added at the process. Conversion costs are allocated evenly throughout production. Timekeeper inc average costing through the Assembly beginnin g of the production uses weighted- Data for the Assembly Department for June 2015 are Work in process, beginning inventory 300 units Direct materials (100% complete) Conversion costs (50% complete) Units started during June Work in process, ending inventory: 950 units 150 units Direct materials (100% complete) Conversion costs (75% complete) Costs for June 2015 Work in process, beginning inventory: Direct materials Conversion costs $90,000 $135,000 Direct materials costs added during June Conversion costs added during June $400,000 8) What are the equivalent units for direct materials and conversion costs, respectively, for June? A) 1,250 units; 1,210.64 units B) 1,250 units; 1,212.5 units C) 1,100 units; 1,100 units D) 1012 units; 1040 units

Explanation / Answer

Units transferred out = 300+950-150 = 1100 Units

Equivalent unit of material = 1100+(150*100%) = 1250 Units

Equivalent unit of conversion = 1100+(150*75%) = 1212.50 Units

So answer is b) 1250 Units ; 1212.50 Units

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

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