LW8
Sep 13, 2012, 10:04 PM
On March 1, Upton Company's packaging department had Work in Process inventory of 8,820 units, which had been transferred in from the finishing department. These units had accumulated costs of $315,000 in previous departments and $16,000 for CC in the packaging department. During March, 30,000 units were transferred into the department. These units had accumulated costs of $770,000 in the previous departments. The packaging department incurred $54,000 in CC during the month. 700 units remained in ending inventory on March 31st. These units were 80% complete with respect to CC.Calculate the cost per EU for transferred-in costs and for CC for the packaging department using the average cost method. a. Transferred in costs$ per EUb. CC$1.91 per EU