Goldings finishing department had the following data for July: Required: 1. Calculate unit costs for the following
Question:
Required:
1. Calculate unit costs for the following categories: transferred- in, materials, and conversion.
2. Calculate total unit cost.
Transcribed Image Text:
Transferred-in Materials Conversion Units transferred out Units in EWIP 60,000 15,000 75,000 60,000 60,000 9,000 69,000 15,000 Equivalent units Costs: Work in process, July 1 Transferredin from fabricating Materials Conversion costs $2,100 1,500 3,000 6,6 Total Current costs: Transferredin from fabricating Materials Conversion costs $30,900 22,500 45,300 $98,700 Total
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2100 3090075000 1 Unit transferred...View the full answer
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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