Georgia Products Inc. completed and transferred 151,000 particle board units of

Question

Georgia Products Inc. completed and transferred 151,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 13,000 units, which were 4/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $459,200, direct labor cost incurred was $91,510, and factory overhead applied was $21,470. Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent. a. Total conversion cost b. Conversion cost per equivalent unit c. Direct materials cost per equivalent unit

Explanation / Answer

A)

Total conversion costs = Direct labour + Factory overhead

B)

Conversion Costs per equivalent units = Total conversion costs / Equivalent units of conversion

C)

Direct material cost per equivalent unit = Total Direct material costs / Equivalent units of material

Labour cost $    91,510 Factory overhead $    21,470 Conversion cost $ 112,980

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