8. 1 value 10.00 points Selzik Company makes super-pr ending and Packaging. The

Question

8. 1 value 10.00 points Selzik Company makes super-pr ending and Packaging. The following activity was recorded in the Biending Department during July: Production data Units in process July 1 (materials 100% complete, conversion 30% complete) Units started into production Units in process, July 31 (materials 100% complete: conversion 40% complete) 10,000 170.000 20,000 : Cost data: work in process inventory, July Materials cost Conversion cost $ 8.500 $ 4.900 Cost added during the montn Materials cost Conversion cost $ 139.400 $ 244 200 All materials are added at the beginning of work in the Blending Department The company uses the FIFO method in its process costing system Required: 1 Determine the equlvatent ünits for July for the Blenging Department Materials Conversion Equivatent units of production

Explanation / Answer

1.Calucalation Equivalent units

Equivalent cost per unit

Cost of Transferred units-160,000 Units

Closing WIP

Input output % Completion-Material EQU-Material % Completion-Conversion EQU-Conversion 10,000 10,000 0% 0 70% 7,000 170,000 150,000 100% 150,000 100% 150,000 20,000 100% 20,000 40% 8,000 180,000 180,000 170,000 165,000

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