Compute the physical units of production

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Reference no: EM13840099

Problem:

Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly.

Production and cost data for the first process in making two products in two different manufacturing plants are as follows.

	Cutting Department
	Plant 1	Plant 2
Production Data-July	T12-Tables	CIO-Chairs
Work in process units, July 1	0	0
Units started into production	26,410	22,240
Work in process units, July 31	4,170	695
Work in process percent complete	60	80
Cost Data-July
Work in process, July 1	$0	$0
Materials	528,200	400,320
Labor	325,538	152,900
Overhead	144,560	134,413
Total	$998,298	$687,633

(1) Compute the physical units of production.

(2) Compute equivalent units of production for materials and for conversion costs.

(3) Determine the unit costs of production.

(4) Show the assignment of costs to units transferred out and in process.

Reference no: EM13840099

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