Determine the cost of units started in september

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Reference no: EM131809926

The following information concerns production in the Forging Department for September. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $100,640 of direct materials.

ACCOUNT Work in Process-Forging Department					ACCOUNT NO.
Date		Item	Debit	Credit	Balance
Date		Item	Debit	Credit	Debit	Credit
Sept.	1	Bal., 7,400 units, 80% completed			118,992
	30	Direct materials, 67,000 units	897,800		1,016,792
	30	Direct labor	90,450		1,107,242
	30	Factory overhead	124,910	?	1,232,152
	30	Goods finished, ? units			?
	30	Bal., 5,900 units, 80% completed			?

a. Determine the number of units transferred to the next department.
units

b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.

Cost per equivalent unit of direct materials $

Cost per equivalent unit of conversion $

c. Determine the cost of units started and completed in September.

Reference no: EM131809926

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