The beginning of the process and conversion costs


XZY company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process and conversion costs are added propporionately. The schdule for April is listed below:

WIP on April 1 (60% complete as to conversion costs) 1000 units

Units started during april                                                5000 units

Total to account for                                                         6000 units

Units completed and transferred out                               4000 units

WIP on April 30 (20% complete as to conversion costs   2000 units

total units accounted for                                                   6000 units

Costs pertaining to the month are as follows:

beginning inventory (DM, $54,000; conversion, $35,560) total $90,160

costs incurred during April (MD, $468,000, Conversion $574,060) total 1,042,060

using the weighted average method:

The equivalent units for direct materials for April are?

The equivalent units for conversion costs for April are?

The equivalent unit material cost for Arpril is?

The 4000 units completed during April will be transferred out at an EUP unit cost of what?

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Accounting Basics: The beginning of the process and conversion costs
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