Assume data for the Stuart Cox Company for the Cutting Department for the month of November is as follows:
|
Units: |
|
|
Work in process, Nov. 1 |
21:000 |
|
Direct materials: 100% complete |
|
|
Conversion costs: 40% complete |
|
|
nits started into production during Nov. |
500:000 450 000 71.000 |
|
Units completed and transferred |
500:000 450 000 71.000 |
|
out Work in process, Nov. 30 |
500:000 450 000 71.000 |
|
Direct materials: 100% complete |
|
|
Conversion costs: 20% complete |
|
|
Costs: |
|
|
Work in process, Nov. 1 |
|
|
Direct materials: 100% complete |
$18:000 |
|
Conversion costs: 40% complete |
16000 |
|
Cost of work in process, Nov. 1 |
$34000 |
|
Costs incurred during production in Nov. |
|
|
Direct materials |
$262:000 |
|
Conversion costs |
555.280 |
|
Costs incurred Nov. |
$817 200 |
Instructions
Compute the physical unit flow, the equivalent units of production and unit production costs.