Georgia Products Inc. completed and transferred 193,000 particle board units of production from the Pressing Department. There was no beginning inventory in process the department. The ending in-process inventory was 17,000 units, which were 1/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $1,018,500, direct labor cost incurred was $79,890, and factory overhead applied was $18,735. Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent. a. Total conversion cost b. Conversion cost per equivalent unit C. Direct materials cost per equivalent unit

Georgia Products Inc. completed and transferred 193,000 particle board units of production from the Pressing Department. There was no beginning inventory in process the department. The ending in-process inventory was 17,000 units, which were 1/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $1,018,500, direct labor cost incurred was $79,890, and factory overhead applied was $18,735. Determine the following for the Pressing Department. Round "cost per equivalent unit" answers to the nearest cent. a. Total conversion cost b. Conversion cost per equivalent unit C. Direct materials cost per equivalent unit

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 10E: Costs per equivalent unit Georgia Products Inc. completed and transferred 89,000 particle board...

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