Business, 22.05.2020 04:04, jones03riley

In the month of June, a department had 10,000 units in beginning work in process that were 70% complete. During June, 40,000 units were transferred into production from another department. At the end of June, there were 5,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process.
The total cost for materials was $450,000 and conversion was $400,000.
1. What was the unit materials costs in June?
a. $8.18
b. $9.00
c. $10.00
d. $10.71
2. What was the unit conversion cost in June?
a. $7.27
b. $7.69
c. $8.88
d. $9.52

Answers: 2

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In the month of June, a department had 10,000 units in beginning work in process that were 70% compl...