Compute the molding department cost per equivalent unit

Assignment Help Accounting Basics

Reference no: EM131911430

Problem

On March 1, Lesher Manufacturing had 2,000 units in its Molding Department. These units were 90 percent complete with respect to direct materials requirements and 30 percent complete with respect to their conversion requirements. During March, the Molding Department started and completed 20,800 units. Direct material costs in March incurred in the Molding Department totaled $152,600, whereas March conversion costs totaled $203,400. On March 31, there remained 1,000 units in ending inventory that were 80 percent complete with respect to direct materials, and 40 percent complete with respect to conversion

a. Compute the Molding Department cost per equivalent unit of direct materials in March.

b. Compute the Molding Department cost per equivalent unit of conversion in March.

Reference no: EM131911430

Questions Cloud

How much gain or loss need to report on income statement : If we sell the equipment on July 1, 2009 for $158,000. How much gain or loss will we need to report on the income statement.

What are surreptitious attacks and its approaches : Most entities use various types of locking and control devices to prevent crime and to secure their merchandise as well as to monitor.

What is the expected gain from the acquisition : What is the expected gain from the acquisition?

Understanding an organization strengths : An important part of planning is a SWOT analysis, understanding an organization's strengths, weaknesses, opportunities, and threats.

Compute the molding department cost per equivalent unit : On March 1, Lesher Manufacturing had 2,000 unit in its Molding Department. Compute the Molding Department cost per equivalent unit of direct materials in March.

How will you determine the needs of the database : How will you determine the needs of the database. What process will you use to design the database (tables, forms, queries, reports)

Features in today work environment : Office mix provides solution for collaborating and updating documents on the go. What are the benefits of these features in today's work environment? Explain

Prepare the necessary journal entrys to account : During March, April, May and June of 2012 Taint Incorporated received $62,150. Prepare the necessary journal entry(s) to account for the transaction.

Prepare the adjusting journal entries for Fall Inc : Fall, Inc. - The following unadjusted trail balance is presented for Fall, Inc. as of December 31, 2013. Prepare the adjusting journal entries for Fall Inc

User Account

All Pages