On March 1, Upton Company's Packaging Department Had Work in Process

question 60

Essay

On March 1, Upton Company's Packaging Department had work in process inventory of 8,820 units, which had been transferred in from the Finishing Department. These units had accumulated costs of $315,000 in previous departments and $16,000 for conversion costs in the Packaging Department.​
During March, 30,000 units were transferred into the department. These units had accumulated costs of $770,000 in the previous departments. The Packaging Department incurred $54,000 in conversion costs during the month. On March 31, 700 units remained in ending inventory. These units were 80% complete with respect to conversion costs.​
Compute the cost per equivalent unit for transferred-in costs and for conversion costs for the Packaging Department using the weighted average method.

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Definitions:

Beak Sizes

Variations in the length, width, and shape of the beaks of birds, often correlating with their feeding habits and ecological niches.

Indicator Species

Organisms used to assess the health of an ecosystem because their presence, absence, or abundance reflects a specific environmental condition.

Environmental Degradation

The deterioration of the environment through depletion of resources, destruction of ecosystems, and the extinction of wildlife.

Sensitive

Capable of detecting or responding to slight changes, signals, or influences.