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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.

Production and cost data for the Molding Department during June 2008 are presented below.

Production Data

 

June

 

Beginning work in process units

 

-0-    

 

Units started into production

 

20,000

 

Ending work in process units

 

2,000

 

Percent complete-ending inventory

 

60%

       
 

Cost Data

   
 

Materials

 

$198,000

 

Labor

 

50,400

 

Overhead

 

112,800

 

Total

 

$361,200

Prepare a schedule showing physical units of production.(If answer is zero, please enter 0. Do not leave any fields blank.)

Physical Units

 

Units to be accounted for

 

     Work in process, June 1

 

     Started into production

 

         Total units

 
   

Units accounted for

 

     Transferred out

 

     Work in process, June 30

 

         Total units

 

Determine the equivalent units of production for materials and conversion costs.

Materials

 

Conversion costs

 

Compute the unit costs of production.

Unit cost-Materials

$

Unit cost-Conversion costs

$

Total unit costs

$

May 02 2018 View more View Less

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