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At Billy Distillery, direct materials are added at the beginning of the process and conversion costs

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At Billy Distillery, direct materials are added at the beginning of the process and conversion costs

At Billy Distillery, direct materials are added at the beginning of the process and conversion costs are added throughout the process. Data for the Finishing Department follows:

WIP, April 1   22,000 units
Transferred-in costs in WIP, April 1   $95,200
Direct materials (100%) in WIP, April 1   $24,200
Conversion costs (65%) in WIP, April 1   $20,100
Units transferred-in   38,000
Transferred-in costs during April   $506,000
Units completed   33,000
April direct materials cost   $155,500
April conversion costs   $213,600
WIP, April 30   27,000 units
(100% for materials and 60% for conversion costs)


Required:

a.   What are the equivalent units for conversion costs?
b.    What is the cost per equivalent unit for conversion costs?
c.   What are the equivalent units for direct materials?
d.   What are the total number of physical units for which to account?

Textbook

Managerial Accounting

Edition: 4^th

Author: Braun

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