Kamin Company's mixing department had a beginning inventory of 4,000 units which had accumulated conversion costs of
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Question:
Kamin Company's mixing department had a beginning inventory of 4,000 units which had accumulated conversion costs of $55,000. During the period, the mixing department accumulated conversion costs of $92,000 and started 8,000 new units. Ending inventory was 2,500 units which were 40% complete with respect to conversion costs. Kamin uses the weighted average method to cost inventories and all costs are to be added uniformly throughout the process.
Required: Calculate the cost per equivalent unit.
Expert Answer:
To calculate the cost per equivalent unit using the weighted average method we need to consider the ... View the full answer
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