Ready company adds direct materials at the beginning of the


Ready Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Department follows:

WIP, April 1 14,000 units
Transferredminus-in costs in WIP, April 1 $79,940
Direct materials (100%) in WIP, April 1 $24,420
Conversion costs (75%) in WIP, April 1 $23,400
Units transferredminus-in 47,000
Transferredminus-in costs during April $550,900
Units completed 41,000
April direct materials cost $155,500
April conversion costs $239,250
WIP, April 30 20,000 units
(100% for materials and 50% for conversion costs)

The cost per equivalent unit for conversion costs would be closest to

Solution Preview :

Prepared by a verified Expert
Business Management: Ready company adds direct materials at the beginning of the
Reference No:- TGS02570844

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)