Refer to the information in T2-5. Sury also reported the following cost information in April: From T2-5
Question:
Refer to the information in T2-5. Sury also reported the following cost information in April:
From T2-5
Work in ProcessUnits
Beginning inventory, April.......1 8,000
Added to production...........45,000
Completed and transferred out...... ?
Ending inventory, April........ 30 5,000
Required
a. What was the cost per equivalent unit for materials?
b. What was the cost per equivalent unit for conversion?
c. What cost would be assigned to the units transferred out of Work in Process Inventory?
d. What cost would be assigned to the ending Work in ProcessInventory?
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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