accounting

posted by .

Bubba Production Company produces a homogenous product. All materials are added at the beginning of production and other product costs are added evenly over time until the product is complete. Conversion costs were 70% complete with respect to the 2,000 units in process July 1, 2009, and 60% complete with respect to the 4,000 units in process on July 31. Materials cost in the beginning work in progress inventory were $12,000 and materials costing $40,000 were added during the month. Conversion cost in the beginning work in progress inventory was $8,000 and conversion costs of $36,000 were added during the month. 10,000 units were completed during the month. Please answer the following questions, and show your work. Do not round intermediate calculations, or there will be a $40 rounding error.

What is the cost per equivalent unit for the units produced during the month? $__________

What is the cost of the ending inventory of work in progress? $__________

What is the cost of goods manufactured? $__________

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. MANAGERIAL ACCOUNTING

    #1 chin company incurred direct materials costs of $300,000 during the year. manufacturing overhead rate is 70%. how much are chin company total manufacturing costs for the year?
  2. accounting

    CAN SOMEONE TELL ME HOW MATERIAL AND CONVERSION IS BROKEN UP IN THIS PROBLEM thanks so much PROBLEM 1 Estrella Company, a company that mass produces a widely used pain medication, uses three processes: mixing, tableting, and bottling. …
  3. Accounts

    The USA Company manufactures flags in a single process. The following information is available for January 2011: Beginning WIP o units Started production 18,000 units Completed and transferred out 12,000units Ending WIP 6,000 units …
  4. accounting

    A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total direct labor cost of $20,000?
  5. accounting

    Hanson Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,000 units in its beginning work in process inventory that were 60% complete …
  6. Accounting

    Materials costs of $300,000 and conversion costs of $321,300 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout …
  7. ACCOUnting

    Chen Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2010 are as follows. Production Data-Basketballs …
  8. Accounting

    The Converting Department of Soft N' Dry Towel and Tissue Company had 920 units in work in process at the beginning of the period which were 75% complete During the period 16200 unis were completed and transferred to the Packing Department. …
  9. Accounting

    Montana Company produces basketballs. It incurred the following costs during the year. Direct materials: $14,032 Direct Labor: $25,706 Fixed manufacturing overhead: $9,698 Variable manufacturing overhead: $32,164 Selling Costs: $21,176 …
  10. math

    The table shows the average production data for three products over the last month. The difference between the costs and the sale price is the company profit for one unit. If a new production method allows the labor costs of Product …

More Similar Questions