Question: Click Submit to complete this assessment. Question 4 Qatar Manufacturing Company QMC uses the First-In, First-Out (FIFO) method in its process costing system to

Click Submit to complete this assessment. Question 4 Qatar Manufacturing Company QMC

Click Submit to complete this assessment. Question 4 Qatar Manufacturing Company QMC uses the First-In, First-Out (FIFO) method in its process costing system to produce leather wallets. Direct materia equally. The following information relates to the operations of each wallets for Feb 2021: Physical Units Transferred-In (seats) Costs Beginning work in process Direct Materials Conversion Costs $45000 $50,000 5,000 $35,000 Degree of completion of beginning 100% ?? 60% work in progress Units started 20,000 Completed during the month and transferred out ??? Ending work in processi 6,000 Degree of completion of ending work in progress 100% ?? 50% Total costs added during Feb 2021 $800,000 $900,000 $1,800,000 Required: QMC manager has asked you to find the Total cost per equivalent unit in this process Click Submit to complete this assessment.

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