The following information concerns production in the ForgingDepartment for November. All direct materials are placed into theprocess at the beginning of production, and conversion costs areincurred evenly throughout the process. The beginning inventoryconsists of $101,600 of direct materials.
Based on the above data, determine each of the followingamounts.
If required, round your interim calculations to twodecimal places. Round final answers (a-c) to the nearestdollar.
a. Cost of beginning work in processinventory completed in November.$fill in the blank 1
b. Cost of units transferred to the nextdepartment during November.$fill in the blank 2
c. Cost of ending work in processinventory on November 30.$fill in the blank 3
d. Costs per equivalent unit of directmaterials and conversion included in the November 1 beginning workin process. If required, round your answers to twodecimal places.
e. The November increase or decrease incosts per equivalent unit for direct materials and conversion fromthe previous month. If required, round your answers totwo decimal places.
DecreaseIncrease
DecreaseIncrease
The following information concerns production in the Forging Department for November. All direct materials are placed in
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