Business, 04.10.2020 09:01 lamashermosa23
Production data: Pounds in process, May 1; materials 100% complete; conversion 90% complete 88,000 Pounds started into production during May 530,000 Pounds completed and transferred out ? Pounds in process, May 31; materials 60% complete; conversion 40% complete 65,000 Cost data: Work in process inventory, May 1: Materials cost $ 106,000 Conversion cost $ 59,700 Cost added during May: Materials cost $ 551,120 Conversion cost $ 328,230 Required: 1. Compute the equivalent units of production for materials and conversion for May. 2. Compute the cost per equivalent unit for materials and conversion for May. 3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.
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Production data: Pounds in process, May 1; materials 100% complete; conversion 90% complete 88,000 P...
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