Please answe the following question and show your work: Equivalent Units, Unit C

Question

Please answe the following question and show your work:

Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in process The cooking department had the following data for the month of March: Units in BWIP - Units completed 5,470 Units in EWIP(40 percent complete) 490 Total manufacturing costs $8,200 What is the output in equivalent units for March? equivalent unis What is the unit manufacturing cost for March? Round your answer to two decimal places. & Compute the cost of goods transferred out for March. If required, round your answers and intermediate calculations to two decimal places. $ Calculate the value of March's EWIP. If required round your answer and intermediate calculations to two decimal places. $

Explanation / Answer

EQUIVALENT UNITS

MATERIAL CONVERSION

UNITS COMPLETED 5470 5470

E.WIP (490*40%) 196 196

EQUIVALENT UNITS 5666 5666

UNIT MANUFACTURING COST = TOTAL MANUFACTURING COST / EQUIVALENT UNITS

= 8200/5666

= 1.45 PER UNIT

COST OF GOODS TRANFERRED OUT = UNITS TRANSFERRED OUT * UNIT MANUFACTURING COST

= 5470 * 1.45

   = $7931.5

ENDING WORK IN PROCESS = ENDING EQUIVALENT UNITS *UNIT MANUFACTURING COST

= (490*40%) * 1.45

= 196*1.45

     = $284.2

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

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