Beginning inventory had 420000 of direct materials

  • Chabot College
  • BUS 1B
  • Assignment
  • M.night
  • 7
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that are 30% complete with respect to labor. Beginning inventory had $420,000 of direct materials and $139,000 of direct laborcost. The direct material cost added in November is $2,220,000, and the direct labor cost added is $3,254,000.6.1. Determine the equivalent units of production with respect to direct labor and direct materials.
7.2. Compute both the direct labor cost and the direct materials cost per equivalent unit. (Round "Cost per EUP" to 2 decimalplaces.)
8. 3. Compute both direct labor cost and direct materials cost assigned to units completed and transferred out and ending goods inprocess inventory. (Round "Cost per EUP" to 2 decimal places.)
Ch 3Question #1 (of 9)9. The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse forshipping. All direct materials are added to products when processing begins. Beginning goods in process inventory is 20% complete with respect to direct labor and overhead.Equivalent units of productionDirect MaterialsDirect LaborFactory OverheadUnits transferred out32,00032,00032,000Units of ending goods in process2,5001,5001,500Equivalent units of production34,50033,50033,500CostsDirect MaterialsDirect LaborFactory OverheadCosts of beginning goods in process18,550 760 1,520 Costs incurred this period357,500 62,890 125,780 Total costs376,050 63,650 127,300 Units in beginning goods in process(all completed during July)2,000 Units started this period32,500 Units completed and transferred out32,000 Units in ending goods in process2,500

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