Unit3-AP3-1..Accounting[1]

Unit3-AP3-1..Accounting[1] - AP3-1 Comprehensive Problem,...

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Unformatted text preview: AP3-1 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 10,200 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 107,000 units. Ending Work in Process Inventory consisted of 5,400 units that were 100 percent complete with respect to material and 70 percent complete with respect to conversion costs. 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 $ Labor Overhead Total $ Calculate the cost of items completed in May and the cost of ending Work in Process. Calculate the cost of items completed in May and the cost of ending Work in Process....
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This note was uploaded on 07/06/2011 for the course MM 305 taught by Professor Fulton during the Fall '09 term at Kaplan University.

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Unit3-AP3-1..Accounting[1] - AP3-1 Comprehensive Problem,...

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