Cost per Equivalent Unit
The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials.
| ACCOUNT Work in Process—Forging Department | ACCOUNT NO. | ||||||||
| Date | Item | Debit | Credit | Balance | |||||
| Debit | Credit | ||||||||
| Nov. | 1 | Bal., 900 units, 60% completed | 10,566 | ||||||
| 30 | Direct materials, 12,900 units | 123,840 | 134,406 | ||||||
| 30 | Direct labor | 21,650 | 156,056 | ||||||
| 30 | Factory overhead | 16,870 | 172,926 | ||||||
| 30 | Goods transferred, ? units | ? | ? | ||||||
| 30 | Bal., 1,400 units, 70% completed | ? |
a. Determine the number of units transferred to the next department.
fill in the blank 1 units
b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.
| Cost per equivalent unit of direct materials | |
| Cost per equivalent unit of conversion |
c. Determine the cost of units started and completed in November.