Crowley processes its product in three consecutive departments, A, B, and C. The following data re given on the third department's production for June 2016.
Quantity data:
In process, June 1 (4/5 completed) 5,000 units
Transferred in 22,000 units
In process, June 30 (1/4 incomplete) 8,000 units
Cost data:
In process, June 1 P 30,610
Transferred in 110,000
Cost added in June
Materials 15,750
Labor 8,400
Overhead 6,300
Using the FIFO Costing:
1. How much is the cost of the received and completed?
2. What is cost per unit of the completed and transferred?
3. What is the total cost of the units in process June 30?
4. What is the equivalent units of production?
5. What is the total cost added the In process end?