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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Big Bernard Corporation was recently formed to produce a semiconductor chip that forms an essential part of the personal computer manufactured by a major corporation. The direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process. June is Big Bernard's first month of operations, and therefore, there was no beginning inventory. Direct materials cost for the month totaled $935,000, while conversion costs equaled $4,552,000. Accounting records indicate that 475,000 chips were started in June and 425,000 chips were completed.

Ending inventory was 50% complete as to conversion costs.

Required:
a.   What is the total manufacturing cost per chip for June?
b.   Allocate the total costs between the completed chips and the chips in ending inventory.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
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#3
9 years ago
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