12) Managerial Financial Accounting Assignments AP3-1 Solution

12) Managerial Financial Accounting Assignments AP3-1 Solution

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AP3-1
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Comprehensive Problem, One Department [LO 3, 4] Regal Polish manufactures a single product in one department and uses a process costing system. At the start of May, there were 10,400 units in process that were 100 percent complete with respect to direct material and 60 percent complete with respect to conversion costs (labor and overhead). During the month, the company began production of 107,500 units. Ending Work in Process Inventory consisted of 5,600 units that were 100 percent complete with respect to material and 70 percent complete with respect to conversion costs. Cost Information Beginning Work in Process Costs Added in May Direct material $4,090 $81,977 Direct labor 260 12,524 Manufacturing overhead 340 13,606 Total $4,690 $108,107
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Calculate the cost per equivalent unit for each of the three cost items and in total. (Round answers to 2 decimal places, e.g. 5.25.) Cost per EU Material $[no answer] Labor [no answer] Overhead [no answer] Total $[no answer] AP3-1
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12) Managerial Financial Accounting Assignments AP3-1 Solution

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