I’m stuck on a Accounting question and need an explanation.
Ford Motor Co. uses process costing for their production process. Sally Kazbour, Ford’s controller, has the following information regarding Ford’s Focus chassis production for June:
| Units | Materials | Conversion | |
| Work in Process, June 1 | 4,000 | 50% | 25% |
| Work in Process, June 31 | 3,200 | 75% | 50% |
How many units were completed and transferred out in June?
What are the equivalent units of production in June for Materials?
What are the costs per equivalent unit for Ford in June for Conversion?
What are the costs in ending work-in-process?
What is the cost of the units transferred out?
