Question 1 The polishing department of Lacroix Manufacturing Company has the following production and manufacturing...
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Question 1 The polishing department of Lacroix Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory of 2,400 units that are 100% complete in terms of materials and 30% complete in terms of conversion costs; units started during the period are 12,400; ending inventory of 3,100 units are 10% complete in terms of conversion costs. Manufacturing costs: Beginning inventory costs, comprising $24,600 of materials and $28,000 of conversion costs; materials costs added in polishing during the month, $130,800; labour and overhead applied in polishing during the month, $109,500 and $282,850, respectively. (a) Calculate the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs Equivalent units of production
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