Yarimada Ltd. produces chocolate bars in a factory in Budapest, Humgary. Output is measured in...
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Yarimada Ltd. produces chocolate bars in a factory in Budapest, Humgary. Output is measured in number of bars. Materials are added at the beginning of the process in all departments. Tasty Fruit uses the weighted average method. During April, the company had the following production data in the processing department:
Work-in-Process Inventory, April 1 5,000 Units (60 percent complete) Direct materials: $40,000 Conversion Cost: $55,000 During April, 90,000 units were completed and transferred to packaging department. The following costs were incurred by the processing department during April: Direct materials: $280,000 Conversion Cost: 265,000 At April 30, 15,000 units that were 20 percent complete remained in the processing department. Required: A. Determine equivalent units of production for April for the processing department for Materials and Conversion cost.
B. Determine total cost per equivalent unit of production in the processing department for Materials and Conversion Cost.
C. Determine the cost of goods transferred to the packaging department.
D. Determine the cost of Aprils ending Work-in-Process Inventory for the processing department
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