The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Beginning work in process (34,000 units): Percentage complete with respect to Costs Ending work in process (50,000 units): Percentage complete with respect to Costs Materials Conversion 100% 20% $ 87,600 $ 22,636 100% 60% ?? ?? The Remington Plant started 224,000 units and transferred out 208,000 in July. Materials costs incurred in July were $674,000 and conversion costs were $1,059,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method. Note: Round your answers to 2 decimal places. Direct Materials Conversion Cost per equivalent unit
The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Beginning work in process (34,000 units): Percentage complete with respect to Costs Ending work in process (50,000 units): Percentage complete with respect to Costs Materials Conversion 100% 20% $ 87,600 $ 22,636 100% 60% ?? ?? The Remington Plant started 224,000 units and transferred out 208,000 in July. Materials costs incurred in July were $674,000 and conversion costs were $1,059,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method. Note: Round your answers to 2 decimal places. Direct Materials Conversion Cost per equivalent unit
Chapter5: Process Costing
Section: Chapter Questions
Problem 4PA: During March, the following costs were charged to the manufacturing department: $14886 for...
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