Edge Company had a beginning work-in-process inventory of 30,000 units on June 1.These units contained $120,000 of direct materials and $272,000 of conversion cost.The following data relate to activity during June:
A.Compute the total equivalent units for direct material and conversion cost.
B.Compute the cost per equivalent unit of direct material and conversion cost.
C.Determine the cost of completed production.
D.Determine the cost of the June 30 work in process.

Question

Quizplus · Accepted Answer

The Answer of Edge Company had a beginning work-in-process inventory of 30,000 units on June 1.These units contained $120,000 of direct materials and $272,000 of conversion cost.The following data relate to activity during June:
A.Compute the total equivalent units for direct material and conversion cost.
B.Compute the cost per equivalent unit of direct material and conversion cost.
C.Determine the cost of completed production.
D.Determine the cost of the June 30 work in process.

Edge Company Had a Beginning Work-In-Process Inventory of 30,000 Units