6. Mermain Inc., manufactures products that pass through two processes. The company uses the weighted average...
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6. Mermain Inc., manufactures products that pass through two processes. The company uses the weighted average method to compute unit costs. During March, equivalent units were computed as follows: Conversion Cost 50,000 Materials (9,000 x 100%) Conversion (9,000 x 80%) Equivalent units of output Cost was added as follows: Units completed Units in EWIP x Fraction complete: Materials Conversion cost Total cost Determine the cost of the goods transferred out. Materials 50,000 Materials Conversion cost Total cost Determine the cost of ending work in process. 9,000 59,000 $ 73,750 57,200 $130,950 7. Mermain Inc., manufactures products that pass through two processes. The company uses the weighted average method to compute unit costs. During March, equivalent units were computed as follows: Conversion Cost 50,000 Materials Units completed Units in EWIP x Fraction complete: Materials (9,000 x 100%) Conversion (9,000 × 80%) Equivalent units of output Cost was added as follows: 50,000 9,000 59,000 7,200 57,200 $73,750 57.200 $130,950 7.200 57,200 6. Mermain Inc., manufactures products that pass through two processes. The company uses the weighted average method to compute unit costs. During March, equivalent units were computed as follows: Conversion Cost 50,000 Materials (9,000 x 100%) Conversion (9,000 x 80%) Equivalent units of output Cost was added as follows: Units completed Units in EWIP x Fraction complete: Materials Conversion cost Total cost Determine the cost of the goods transferred out. Materials 50,000 Materials Conversion cost Total cost Determine the cost of ending work in process. 9,000 59,000 $ 73,750 57,200 $130,950 7. Mermain Inc., manufactures products that pass through two processes. The company uses the weighted average method to compute unit costs. During March, equivalent units were computed as follows: Conversion Cost 50,000 Materials Units completed Units in EWIP x Fraction complete: Materials (9,000 x 100%) Conversion (9,000 × 80%) Equivalent units of output Cost was added as follows: 50,000 9,000 59,000 7,200 57,200 $73,750 57.200 $130,950 7.200 57,200
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Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
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