ACCT 116B-Ready Company adds direct materials at the beginning

by | Mar 18, 2020 | Uncategorized

  
Ready Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Departmentfollows:

WIP, April 1 14,000 units
Transferredminus?in costs in WIP, April 1 $79,940
Direct materials (100%) in WIP, April 1 $24,420
Conversion costs (75%) in WIP, April 1 $23,400
Units transferredminus?in 47,000
Transferredminus?in costs during April $550,900
Units completed 41,000
April direct materials cost $155,500
April conversion costs $239,250
WIP, April 30 20,000 units
(100% for materials and 50% for conversion costs)

The cost per equivalent unit for conversion costs would be closest to
  

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