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Homework answers / question archive / The Blending Department of Sheridan Company has the following cost and production data for the month of April

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

Accounting

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

Costs:    
   Work in process, April 1    
      Direct materials: 100% complete   $118,000
      Conversion costs: 20% complete   82,600
         Cost of work in process, April 1   $200,600
   Costs incurred during production in April    
      Direct materials   $944,000
      Conversion costs   430,700
         Costs incurred in April   $1,374,700


Units transferred out totaled 20,060. Ending work in process was 1,180 units that are 100% complete as to materials and 40% complete as to conversion costs.

Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April.

   

Materials

 

Conversion Costs

The equivalent units of production        
Compute the unit costs for the month.
   

Materials

 

Conversion Costs

Unit costs   $   $
 
 
 
 
Determine the costs to be assigned to the units transferred out and in ending work in process.
Transferred out   $
Ending work in process   $

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