1. Compute the equivalent units of production for materials and for conversion. 2. For materials, what is...
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Question:
1. Compute the equivalent units of production for materials and for conversion.
2. For materials, what is the sum of the cost of beginning work in process inventory plus the cost added during the period?
3. What is the cost per equivalent unit for conversion?
4. What is the cost of materials transferred to finished goods?
5. What is the amount of conversion cost transferred to finished goods?
6. Prepare the journal entry to record the transfer of costs from Work in Process to Finished Goods.
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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