In this month’s production of roasted peanuts, Crane added $3,568 of DM costs and $3,799 of conversion costs. Beginning…

Question:

Transcribed Image Text:

In this month’s production of roasted peanuts, Crane added $3,568 of DM costs and $3,799 of conversion costs. Beginning WIP

Inventory for the roasting process included $590 for DM costs and $870 for conversion costs. A total of 3,960 equivalent units of

peanuts were completed this month in terms of DM resources. The total equivalent units for conversion costs were 4,060.

How much total cost does Crane need to account for this month?

Total costs to account for $

Determine the company’s cost per equivalent for both DM and conversion costs, recognizing that Crane uses the weighted-average

method of process costing. (Round answers to 2 decimal places, e.g. 15.25.)

Cost per equivalent unit $

DM

$

Conversion Cost

Expert Answer:

Answer rating: 100% (QA)

To determine the total cost that Crane needs to account for this month we need to sum up the costs i

View the full answer