kmanwarren
Apr 2, 2013, 04:12 PM
Computing Unit Cost
The records of Ramey Inc. reflect the following data:
Work in process, beginning of month–4,000 units one fourth completed at a cost of $2,500 for materials, $1,400 for labor, and $1,800 for overhead.
Production costs for the month–materials, $130,000; labor, $70,000; factory overhead, $82,000.
Units completed and transferred to stock–45,000.
Work in process, end of month–5,000 units, one-half completed.
Compute the month's unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)
The records of Ramey Inc. reflect the following data:
Work in process, beginning of month–4,000 units one fourth completed at a cost of $2,500 for materials, $1,400 for labor, and $1,800 for overhead.
Production costs for the month–materials, $130,000; labor, $70,000; factory overhead, $82,000.
Units completed and transferred to stock–45,000.
Work in process, end of month–5,000 units, one-half completed.
Compute the month's unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)