## Answers

Ans a. | ||||

Unit cost of Materials and Conversion | Conversion cost | |||

Details | Materials | Labor | Mfg OH | Total Conversion |

Costs incurred in June 2019 | $ 16,000 | $ 29,500 | $ 18,000 | $ 47,500 |

Equivalent Units of Production | 20,000 | 19,000 | ||

Unit cost of Materials =16000/20000= | $ 0.80 | |||

Unit cost of Conversion =47500/19000= | $ 2.50 |

Ans b. | Materials | Conversion | Total | |

a | Unit Cost | $ 0.80 | $ 2.50 | |

b | Units Completed & Transferred | 16,000 | 16,000 | |

Cost of Units Competed & Transferred =a*b= | $ 12,800 | $ 40,000 | $ 52,800 |

Ans c. | Materials | Conversion | Total | |

a | Unit Cost | $ 0.80 | $ 2.50 | |

Units in Ending WIP =4000 | ||||

b | Units of Materials (100%) & Conversion (20% complete) | 4,000 | 800 | |

Cost of Units in WIP =a*b= | $ 3,200 | $ 2,000 | $ 5,200 |

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