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    bossmareco's Avatar
    bossmareco Posts: 2, Reputation: 1
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    #1

    May 10, 2009, 03:33 PM
    Conversion costs. Managerial accounting Hilton.
    Company had a beginning work-in-process inventory of 30,000 units on June 1. These units contained $120,000 of direct materials and $272,000 of conversion cost. The following data relate to activity during June:
    Production completed (units) 70,000
    Ending work in process, 60% complete (units) 20,000
    Direct materials used ($) 258,000
    Conversion cost ($) 695,600

    Company uses a weighted-average process-costing system. All materials are added at the start of manufacturing; in contrast, conversion cost is incurred evenly throughout production.

    Required:
    A. Compute the total equivalent units for direct material and conversion cost.
    B. Compute the cost per equivalent unit of direct material and conversion cost.
    C. Determine the cost of completed production.
    D. Determine the cost of the June 30 work in process.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    May 11, 2009, 12:01 AM

    Please see the guidelines on posting homework problems:
    Ask Me Help Desk - Announcements in Forum : Homework Help

    That is also a really long problem. You cannot expect someone to just work that out for you.
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