Direct labor cost plus manufacturing overhead cost.
Conversion cost
The product of the # of partially completed units and their % of completion with respect to a particular cost. ___ are the # of complete whole units that could be obtained from the materials and effort contained in partially completed units
Equivalent units
The units transferred to the next department (or to finished goods) during the period plus the equivalent units in the department’s ending work in process inventory.
Equivalent units of production (weighted-average method)
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