Please help me fill out the boxes below. Baden Company has gathered the followin

Question

Please help me fill out the boxes below.

Baden Company has gathered the following information.

Compute equivalent units of production for materials and for conversion costs.

Materials

Conversion Costs

eTextbook and Media

Determine the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.)

Materials

Conversion Costs

$

$

eTextbook and Media

Show the assignment of costs to units transferred out and in process. (Round answers to 0 decimal places, e.g. 1,225.)

$

Units in beginning work in process 0 Units started into production 41,800 Units in ending work in process 7,800 Percent complete in ending work in process:     Conversion costs 40 %     Materials 100 % Costs incurred:     Direct materials $ 78,000     Direct labor $ 68,900     Overhead $ 109,400

Explanation / Answer

Equivalent unit of production :

Unit costs :

Unit transferred out = (1.87+4.80)*34000 = $226780

Units in ending work in process = (7800*1.87+3120*4.80) = $29562

Material Conversion Unit transferred out 34000 34000 Ending work in process 7800*100% = 7800 7800*40% = 3120 Total equivalent unit of production 41800 37120

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.