LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments-Mixing, Refining, and
Question:
Refining Department, beginning balance at January 1, 2012
Quantity: ..................2,000 units (partially processed)
Cost: ........................$15,600 of costs transferred in
...............................$1,900 of materials cost
...............................$4,500 of conversion cost
...............................$22,000 total account balance
Costs added during January
Cost of units transferred in: .............$222,400
Direct materials cost........................$45,000
Conversion cost.............................$93,750
Refining Department, ending balance at January 31, 2012
Quantity: ...................................5,000 units (partially processed)
% completion for materials cost: ........................................90%
% completion for conversion cost: ......................................75%
For the Refining Department in the month of January, what was cost per equivalent unit with respect to direct materials costs? Use the weighted-average method. (Round your calculations to the nearest cent.)
Select one:
A. $1.40
B. $1.34
C. $3.00
D. $7.00
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