Refer to the data in Exercise 8-23. Cost data for April show the following: Beginning WIP inventory
Question:
Beginning WIP inventory
Direct materials costs . . . . . . . $ 24,300
Conversion costs . . . . . . . . . . 38,700
Current period costs . . . . . . . . . .
Direct materials costs . . . . . . . $ 280,950
Conversion costs . . . . . . . . . . 1,079,550
Required
a. Compute the cost equivalent units for the conversion cost calculation assuming Santiago uses the weighted-average method.
b. Compute the cost per equivalent unit for materials and conversion costs for April.
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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