Golding's finishing department had the following data for the month of July: Required: 1. Calculate unit costs
Question:
Golding's finishing department had the following data for the month of July:
Required:
1. Calculate unit costs for the following categories: transferred-in, materials, and conversion.
2. Calculate total unitcost.
Transcribed Image Text:
Transferred-In Materials Conversion Units transferred out Units in EWIP Equivalent units 60,000 15,000 75,000 60,000 60,000 15,000 9,000 75,000 69,000 2 Work in process, July 1 Transferred-in from fabricating Materials Conversion costs 2,100 1,500 3,000 $ 6,600 Total Current costs: Transferred-in from fabricating Materials Conversion costs $30,900 45,300 $98,700
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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