Reference no: EM132500727
Badgersize Company has the following information for its Forming Department for the month of August.
Work in Process Inventory, August 1: 20,000 units
Direct materials: 100% complete $ 80,000
Conversion: 20% complete 24,000
Balance in work in process, August 1 $ 104,000
Units started during August 50,000
Units completed and transferred in August 58,000
Work in process (70% complete), August 31 ?
Costs charged to Work in Process in August
Direct materials $ 171,000
Conversion costs:
Direct labor $ 108,000
Overhead applied 139,000
Total conversion $ 247,000
Assume materials are added at the start of processing.
Required:
Question a. Calculate the equivalent units for the Forming Department for the month of August.
Question b. Find the cost per equivalent unit of input resource. (Round your answers to 2 decimal places.)
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