Home / Questions / Production and cost data for the Molding Department during June 2008 are presented below.
Production and cost data for the Molding Department during June 2008 are presented below.
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Production Data |
June |
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Beginning work in process units |
-0- |
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Units started into production |
20,000 |
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Ending work in process units |
2,000 |
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Percent complete-ending inventory |
60% |
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Cost Data |
|||
|
Materials |
$198,000 |
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|
Labor |
50,400 |
||
|
Overhead |
112,800 |
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Total |
$361,200 |
Prepare a schedule showing physical units of production.(If answer is zero, please enter 0. Do not leave any fields blank.)
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Physical Units |
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|
Units to be accounted for |
|
|
Work in process, June 1 |
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|
Started into production |
|
|
Total units |
|
|
Units accounted for |
|
|
Transferred out |
|
|
Work in process, June 30 |
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|
Total units |
Determine the equivalent units of production for materials and conversion costs.
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Materials |
|
|
Conversion costs |
Compute the unit costs of production.
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Unit cost-Materials |
$ |
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Unit cost-Conversion costs |
$ |
|
Total unit costs |
$ |
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