Homework Answers
| Cost per Equivalent Unit of Production | |||||||||
| Materials | Labor | Overhead | |||||||
| Beginning costs | $ 3,000.00 | $ 120.00 | $ 250.00 | ||||||
| During the month costs | $ 76,680.00 | $ 9,756.80 | $ 9,626.80 | ||||||
| Total cost | Costs | $ 79,680.00 | Costs | $ 9,876.80 | Costs | $ 9,876.80 | |||
| ÷ | Equivalent units of production | EUP | 124500 | EUP | 123460 | EUP | 123460 | ||
| Cost per equivalent unit of production | $ 0.64 | $ 0.08 | 0.08 | ||||||
| Cost of units completed | EUP | Cost/ EUP | Total Cost | |||
| Direct Materials | 119300 | $ 0.64 | $ 76,352.00 | |||
| Labor | 119300 | $ 0.08 | $ 9,544.00 | |||
| Overhead | 119300 | $ 0.08 | $ 9,544.00 | |||
| Total costs transferred out | $ 95,440.00 | |||||
| Cost of ending work in process | EUP | Cost/ EUP | Total Cost | |||
| Direct Materials | 5200 | $ 0.64 | $ 3,328.00 | |||
| Labor | 4160 | $ 0.08 | $ 332.80 | |||
| Overhead | 4160 | $ 0.08 | $ 332.80 | |||
| Total cost of ending work in process | $ 3,993.60 | |||||
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