The Blending Department of Peacock Company has the following cost - 10371

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yousafbhutta

yousafbhutta

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  • Posted on: Sat 26 May, 2012
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Request Description

 

The Blending Department of Peacock Company has the following cost and production data for the month of April.

 

 

Costs:

 

 

   Work in process, April 1

 

 

       Direct materials: 100% complete

$106,010

 

       Conversion costs: 20% complete

71,120

 

            Cost of work in process, April 1

$177,130

 

   

 

Costs incurred during production in April

 

 

    Direct materials

$933,958

 

    Conversion costs

234,472

 

          Costs incurred in April

$1,168,430

 

Units transferred out totaled 14,032. Ending work in process was 1,040 units that are 100% complete as to materials and 50% complete as to conversion costs.

 

Compute the unit costs for the month.

 

Determine the costs to be assigned to the units transferred out and in ending work in process.

 

Solution Description

 

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