That are 30 complete with respect to labor beginning

  • 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 labor cost. 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 decimal places.)
8. 3. Compute both direct labor cost and direct materials cost assigned to units completed and transferred out and ending goods in process inventory. (Round "Cost per EUP" to 2 decimal places.)
Ch 3 Question #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 for shipping. 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 production Direct Materials Direct Labor Factory Overhead Units transferred out 32,000 32,000 32,000 Units of ending goods in process 2,500 1,500 1,500 Equivalent units of production 34,500 33,500 33,500 Costs Direct Materials Direct Labor Factory Overhead Costs of beginning goods in process 18,550 760 1,520 Costs incurred this period 357,500 62,890 125,780 Total costs 376,050 63,650 127,300 Units in beginning goods in process (all completed during July) 2,000 Units started this period 32,500 Units completed and transferred out 32,000 Units in ending goods in process 2,500

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