Asked by Sofia Avelar on Jun 14, 2024
Verified
Crawford Company has the following equivalent units for July: materials 20000 and conversion costs 18000. Production cost data are: Materials Conversion Work in process, July 1$6,400$3,000 Costs added in July 50,40042,000 The unit production costs for July are: \begin{array}{l}\begin{array} { l r c } &\text { Materials } & \text { Conversion } \\\text { Work in process, July } 1 & \$ 6,400 & \$ 3,000 \\\text { Costs added in July } & 50,400 & 42,000\end{array}\\\\\text { The unit production costs for July are: }\end{array} Work in process, July 1 Costs added in July Materials $6,40050,400 Conversion $3,00042,000 The unit production costs for July are:
Materials Conversion Costs \begin{array}{lrr} & \text { Materials } & \text { Conversion Costs } \\\end{array} Materials Conversion Costs
A) $2.52$2.50\begin{array}{lrr} & \$ 2.52 &&&& \$ 2.50 \\\end{array}$2.52$2.50
B) 2.842.33\begin{array}{lrr} & 2.84 &&&&& 2.33 \\\end{array}2.842.33
C) 2.522.33\begin{array}{lrr} & 2.52 &&&&& 2.33 \\\end{array}2.522.33
D) 2.842.50\begin{array}{lrr} & 2.84 &&&&& 2.50\end{array}2.842.50
Equivalent Units
A measure used in process costing that converts partially completed units into a number of fully completed units.
Production Cost
The direct and indirect expenses incurred to manufacture goods or provide services.
- Calculate total and unit production costs.
Verified Answer
PS
Learning Objectives
- Calculate total and unit production costs.
Related questions
Byrd Company Decided to Analyze Certain Costs for June of ...
Holton Company Has the Following Equivalent Units for July: Materials ...
In the Shaping Department of Rollins Company the Unit Materials ...
Materials Costs of $600000 and Conversion Costs of $642600 Were ...
If 4,000 Units Are Sold, the Total Variable Cost Is ...