The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $432,000.
Question:
The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $432,000. The conversion cost for the period in the Rolling Department is $144,150. The total equivalent units for direct materials and conversion are 2,400 tons and 2,325 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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