Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
Required:
a. What are the total equivalent units for direct materials?
b. What are the total equivalent units for conversion costs?
c. What is the cost per equivalent unit for direct materials?
d. What is the cost per equivalent unit for conversion costs?
e. What is the total cost of units completed and transferred out?
f. What is the total cost of units remaining in ending WIP?

Question

Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
  Required:
a. What are the total equivalent units for direct materials?
b. What are the total equivalent units for conversion costs?
c. What is the cost per equivalent unit for direct materials?
d. What is the cost per equivalent unit for conversion costs?
e. What is the total cost of units completed and transferred out?
f. What is the total cost of units remaining in ending WIP?

Quizplus · Accepted Answer

The Answer of Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
  Required:
a. What are the total equivalent units for direct materials?
b. What are the total equivalent units for conversion costs?
c. What is the cost per equivalent unit for direct materials?
d. What is the cost per equivalent unit for conversion costs?
e. What is the total cost of units completed and transferred out?
f. What is the total cost of units remaining in ending WIP?

Direct Materials Are Added at the Beginning of the Process