Calculation of cost per equivalent unit for materials.
Oversites, Inc, uses a process costing system. The company's work-in-process inventory account at February 28thconsists of 70,000 units which are 100% complete with respect to materials and 80% complete with respect to conversion costs. If the balance in the work-in-process inventory account is $546,000 and the cost per equivalent unit for conversion costs is $6.00, what is the cost per equivalent unit for materials?
Calculation of budgeted production.
Budgeted sales (in units) for the Payton Company are as follows:
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September
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45,000 units
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October
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60,000 units
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November
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40,000 units
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December
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75,000 units
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The company wishes to have 10% of the next month's sales on hand at the end of each month. Budgeted production for November is?