Hooper inc had the following production and cost, Ask an Expert

Accounting

Hooper Inc. had the following production and cost information for its painting department during April (materials are added at the beginning of the process)

Production:

6,000 Units in Process April 1st, 30% complete for conversion costs

30,000 Units Completed

8,000 Units in Process April 30th, 80% complete for conversion costs

Costs:

BWIP April 1st

Conversion Costs 80,000

Materials 60,000

Current Period Costs

Materials 60,0000

Conversion Costs 12,0000

Hooper uses the weighted average method

A) Calculate the equivalent units for April

B) Calcualte the unit cost

C) Calculate the cost of units transferred out and assigned to EWIP

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9946225

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