The following data pertain to the Vesuvius Tile Company for July. Work in process, July 1 (in units) 20000 Units started during July ? Total units to account for 65000 Units completed and transferred out during July ? Work in process, July 31 (in units) 15000 Total equivalent units: direct material 65000 Total equivalent units: conversion ? Work in process, July 1: direct material 164400 Work in process, July 1: conversion ? Costs incurred during July: direct material ? Costs incurred during July: conversion 659400 Work in process, July 1: total cost 244200 Total costs incurred during July 1031250 Total costs to account for 1275450 Cost per equivalent unit: direct material 8.25 Cost per equivalent unit: conversion ? Total cost per equivalent unit 21.45 Cost of goods completed and transfered out during July ? Cost remaining in ending work-in-process inventory: direct material ? Cost remaining in ending work-in-process inventory: conversion 79200 Total cost of July 31 work in process 202950 Additional Information: Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process. The company uses weighted-average process costing. The July 1 work in process was 30 percent complete as to conversion. The July 31 work in process was 40 percent complete as to conversion. Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results Why Choose US : 6+ years experience on custom writing 80% Return Client Urgent 2 Hrs Delivery Your Privacy Guaranteed Unlimited Free Revisions
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