Compute the unit conversion costs


Response to the following problem:

The St. Vincent Manufacturing Company produces a single product in a single processing department. The material is added when 25% of the conversion costs have been added. The Work-in-Process Inventory account on April 30th includes the following information: Beg Bal $1,382 Material 5,325 Labor 10,863 Overhead 15,012 During the month, the company finished and transferred 72,000 units out of the Work-in-Process Inventory. 9,000 units were in process at the beginning of the month and were 40% complete. 8,000 units were in process at the end of the month, and were 70% complete. The company uses (FIFO) process costing.

Required (use 4 decimal places for computations):

(a) Compute the equivalent units of production (EUP) for materials and conversion costs in April.

(b) Compute the unit conversion costs and unit material costs for April.

(c) Compute the total cost transferred out of the WIP Inventory during the month of April.

(d) Compute the cost of the ending inventory for April.

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Cost Accounting: Compute the unit conversion costs
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