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In: Accounting

The production progress report of the AB Company, regarding its product, during the month of April...

The production progress report of the AB Company, regarding its product, during the month of April shows the following data:

  • 8,000 units were in the Work-In-Process beginning inventory, which were 75% complete.
  • 47,000 units were completed during the month and transferred to the finished goods warehouse.
  • 5,000 units were in the Work- In-Process ending inventory, which were 60% complete.

The company adds the required materials at the beginning of the manufacturing process, but the conversion costs incur uniformly throughout the manufacturing process. The total cost for materials was $439,400 and conversion was $482,500.

1.) The unit materials cost of the production in April was closest to:
A. $8,279

B. $8,773

C. $8,616

D. $9,650

2.) The conversion cost per unit of the production in April was closest to:

A. $9.279

B. $8.773

C. $8.616

D. $9.650

3.) The total manufacturing cost per unit of production in April was closest to:

A. $17.57

B. $18.10

C. $17.56

D. $17.07

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