Assad Company uses the process costing method with the following data for the month of July. Work-in-process,
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Question:
Assad Company uses the process costing method with the following data for the month of July.
Work-in-process, July 1, 30,000 units: | |
Direct material: 100% completed | $65,500 |
Conversion: 30% completed | 51,910 |
Balance in work in process, July 1 | $117,410 |
Units started during July | 40,000 |
Units finished | 50,000 |
Work in process, July 31, 20,000 units: | |
Direct material: 100% completed | |
Conversion: 60% completed | |
Cost incurred during July: | |
Direct materials | $120,000 |
Conversion costs | 199,810 |
Total | $319,810 |
Required:
Compute cost per equivalent unit under the weighted-average method.
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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