The information below pertains to October production at Zippy Company's bottling plant, which produces and bottles sports drinks.
|
Units
|
Materials
|
Conversion
|
|
Work in process, October 1
|
2000
|
70% complete
|
60% complete
|
|
Started in October
|
10,000
|
|
|
|
To account for
|
12,000
|
|
|
|
Completed and transferred out
|
8,000
|
100% complete
|
100% complete
|
|
Work in process, October 30
|
4,000
|
40% complete
|
25% complete
|
|
Accounted for
|
12,000
|
|
|
Production Costs $8,250 $22,620.
a. Determine the number of equivalent units of production for materials and conversion during October.
b. Determine the cost per equivalent unit for materials and conversion and the total cost per equivalent unit.