Unformatted text preview: The ending work in process was 30% complete with respect to direct materials and 20% complete with respect to both elements of conversion cost. Prepare a schedule showing the allocation of total cost between finished goods and ending work in process. COST PER EQUIVALENT UNIT: CONVERSION TOTAL COST DIRECT MATERIALS DIRECT LABOR FACTORY OVERHEAD Beginning Work in Process $ 3,900,000 Cost incurred during period 9,300,000 $ 1,674,000 $ 2,418,000 $ 5,208,000 Total cost $ 13,200,000 Equivalent units ÷ 7,700 ÷ 7,600 ÷ 7,600 Costs per equivalent unit $ 217.40 $ 318.16 $ 685.26 $1,220.82 $1,003.42...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11