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:

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

     

Find the cost per equivalent unit of input resource. (Round your answers to 2 decimal places.)

  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 46,000   Units completed and transferred in August 59,000   Work in process (70% complete), August 31 ?   Costs charged to Work in Process in August        Direct materials $ 143,000        Conversion costs:        Direct labor $ 110,000        Overhead applied 146,000   Total conversion $ 256,000

Explanation / Answer

Equivalent units

Cost per equivalent units

                                                   Material                                 conversion cost

Beginning WIP 20,000 Units completed & transferred 59,000 Started during the year 46,000 Ending WIP 7,000 Units to be accounted 66,000 units accounted 66,000

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