Solution-Calculate the unit production for materials

Calculate the unit production for materials

Reference no: EM13861036

Problem: Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2017 are as follows.

Production Data-Basketballs	Unit	Percent Complete
Work in process units, July 1	460	60%
Units started into production	1,220
Work in process units, July 31	540	40%

Cost Data-Basketballs
Work in process, July 1
Materials	$800
Conversion Costs	550	$1,350
Direct materials		3,000
Direct labor		1,630
Manufacturing overhead		1,270

Calculate the unit production for materials and conversion costs

Reference no: EM13861036

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Calculate the unit production for materials

Reference no: EM13861036

Reference no: EM13861036

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