Find the cost per equivalent unit of the transferred units

Reference no: EM13824762

Question-

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		59,000
Work in process (70% complete), August 31		?
Costs charged to Work in Process in August
Direct materials	$	132,000
Conversion costs:
Direct labor	$	114,000
Overhead applied		144,000

Total conversion	$	258,000

Assume materials are added at the start of processing.

a. Calculate the equivalent units for the Forming Department for the month of August.

b. Find the cost per equivalent unit of the transferred units.

Additional information-

The question belongs to Accounting and it discusses about calculating equivalent units and cost per equivalent unit in transferred units.

Reference no: EM13824762

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