The cutting department of ABC Manufacturing has the following production and cost data for July.
Production
Completed and Transferred out 11,500 units
2,500 units in ending work in process inventory are 60% completion in terms of conversion and 100% in terms of materials.
Costs
Beginning Work in process. $0.00
Direct materials $ 47,770
Direct Labour $16,000
Manufacturing overhead. $ 11,405
Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process.
Calculate the equivalent units of production for Materials
Calculate the equivalent units of production for Conversion
Calculate the Cost per Unit of Materials
Calculate the cost per unit of Conversion
