Professional Documents
Culture Documents
Accounting For Beginners
Accounting For Beginners
Accounting For Beginners
Equivalent units
Materials Conversion
Units accounted for as follows:
Completed and transferred 4,800 4,800 4,800
Work in process, May 31 400
Materials 40% complete 160
Conversion 25% complete 100
5,200 4,960 4,900
Background Data -
Cost per Equivalent Unit
Total
Cost Materials Conversion
Cost to be accounted for:
Work in process, May 1 $ 4,000 $ 3,000 $ 1,000
Costs added in the Shipping
and Milling Department 144,000 74,000 70,000
Total costs to be accounted for $ 148,000 $ 77,000 $ 71,000