Andrews Corporation uses a process costing system for manufacturing. The following information is available for the February
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Question:
Andrews Corporation uses a process costing system for manufacturing. The following information is available for the February in its Polishing Department:
Equivalent units of production—direct materials | 110,000 EUP |
Equivalent units of production—conversion | 95,000 EUP |
Costs in beginning Work in Process—direct materials | $49,000 |
Costs in beginning Work in Process—conversion | $36,000 |
Costs incurred in February—direct materials | $414,000 |
Costs incurred in February—conversion | 520,000 |
Required:
calculate the cost per equivalent unit of production for direct materials.
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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