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Calculate the equivalent units of production-conversion cost

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Question - BTS Products Company uses an automated process to manufacture its pet replica products. For June, the company had the following activities:

Beginning work in process inventory

4,500 items, 1/4 complete

Units placed in production

15,000 units

Units completed

17,500 units

Ending work in process inventory

2,000 items, 3/4 complete

 

Cost of beginning work in process

P5,250

Direct material costs, current

P16,500

Conversion costs, current

P23,945

The company uses FIFO Method

Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.

Required -

1. Calculate the Equivalent Units of Production - Conversion Cost.

2. Calculate for the total material cost per unit.

3. Calculate for the total manufacturing cost per unit.

4. How much is the total cost for Started and Completed.

5. How much is the total cost for Work in Process, Ending Inventory.

Reference no: EM133184586

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