Zymosis Manufacturing produces a pesticide chemical and uses process costing. Th

Question

Zymosis Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments-Mixing, Refining, and Packaging. On January 1, the Refining Department had 2.000 gallons of partially processed product in production. During January, 33,000 gallons were transferred in from the Mixing Department, and 29,000 gallons were completed and transferred out. At the end of the month, there were 6,000 gallons of partially processed product remaining in the Refining Department See additional details below. Refining Department, beginning balance at January1 Quantity: Cost 2,000 units (partially processed) 515,600 of costs transferred in S4,500 of materials cost $1.000 of conversion cost $21,100 total account balance

Explanation / Answer

Equivalent units (29000+6000*90%) 34400 cost incurred Conversion cost 1000 Cost added during january 48000 Total cost to be accounted for 49000 Total equivalent units 34400 Cost per equivalent unit 1.424418605 Option D is correct,1.42

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