Cixgax, Corporation makes Bubbles from Ooze using weighted average process costing. At the end of the...
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Cixgax, Corporation makes Bubbles from Ooze using weighted average process costing. At the end of the period, they had the following data: Beginning units in WIP 1,000 Costs in Beginning WIP: Units started 7,000 DM $24,000 Units transferred out 7,400 Conversion $28,000 Current costs: DM $56,000 Conversion $53,400 Direct materials are added at the beginning of the process. Ending inventory is 75% complete for direct labor and manufacturing overhead. 20. How many equivalent units are used to calculate the unit cost of direct materials? ANSWER: (5 POINTS) 21. How many equivalent units are used to calculate the unit cost of conversion? ANSWER: (5 POINTS) Cixgax, Corporation makes Bubbles from Ooze using weighted average process costing. At the end of the period, they had the following data: Beginning units in WIP 1,000 Costs in Beginning WIP: Units started 7,000 DM $24,000 Units transferred out 7,400 Conversion $28,000 Current costs: DM $56,000 Conversion $53,400 Direct materials are added at the beginning of the process. Ending inventory is 75% complete for direct labor and manufacturing overhead. 20. How many equivalent units are used to calculate the unit cost of direct materials? ANSWER: (5 POINTS) 21. How many equivalent units are used to calculate the unit cost of conversion? ANSWER: (5 POINTS)
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Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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