Enter the correct amount in the spaces. Exercise 6-33 Equivalent Units, Unit Cost, Valuation...
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Accounting
Enter the correct amount in the spaces.
Exercise 6-33 Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for the month of March: Units in BWIP Units completed 7,200 Units in EWIP (40% complete) 750 Total manufacturing costs $27.000 Required: 1. What is the output in equivalent units for March? 2. What is the unit manufacturing cost for March? 3. Compute the cost of goods transferred out for March. 4. Calculate the value of March's EWIP. 3. Enter the appropriate amounts or formulas in the shaded cells. An asterisk (*) will appear in the column to the right of an incorrect amount. 5 1. Equivalent Units 5 Units completed 7,200 7 Units in EWIP 300 Enter as a formula Output 9 10 8 11 2. 12 Unit cost = Total cost / Units $27,000 7,500 Unit cost $3.60 13 14 15 3. Unit cost x Units completed 16 Cost of goods transferred out Cost of goods transferred 17 18 19 4. Unit cost X Units in EWIP 20 Ending work in process EWIP 21 22
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