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9 May, 13:09

What is the conversion cost per equivalent unit, when the total conversion cost for the period is $1,225 and the total units of packaged drinking water produced during the same period is 5,000 gallons (70 percent complete?

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  1. 9 May, 13:38
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    Below is the complete list of items in processing for 5,000 gallons:

    Direct material rate for 5,000 gallons is $5,000, While the conversion rate for 5,000 gallons in 70% completed is 1,225. Total Complete list of the items in process is $6,225Direct Materials cost for 60 gallons is 66,000, Direct labor rate is 10,500factory overhead applied for the month is 7,275 therefore, total production cost is amounting to $90,000
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