Direct materials used in March - Conversion cost incurred in March - Total cost

Question

Direct materials used in March - Conversion cost incurred in March - Total cost to account for $41,440 $14,700 $65,500 Require: I- Calculate cost for unit completed in March 2- Calculate cost for unit uncompleted in March Sunny Company has two department of production: department A and department B. In May, we have the following data on production of department: Work in process on May 1 costs $4,000 for 200 units which: Cost $3,000 SI,000 Percentage 50% completed 30% completed ·Materials Conversion - Unit started into production during May 5,000units. - Unit completes during May and transferred out to department B 4,800 units. Direct Material incurred in May, $74,000 and conversion cost incurred $70,000 Work in process on May 30:400 units which: May 40% - Materials - Conversion 40% completed 25% completed Require 1- Caleulate cost for unit completed in May 2- Calculate cost for unit uncompleted in May The following data pertain to the Vesuvius Tile Company for July . 20,000 1-Work in process, July 1 (in unit). 2-Units started during July 3-Total units to account for . 65,000 4-Units completed and transferred out during July. 5-Work in process, July 31 (in unit). . 15,000 . 65,000 7-Total equivalent units: Conversion $164,000 8-Work in process, July 1: direct material... 9-Work in process, July I: conversion 10-Cost incurred during July: direct material... Prepared by THIM Socheat

Explanation / Answer

Direct materials used in March - Conversion cost incurred in March - Total cost

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