Question: cost accounting problem, please answer showing the solution steps and everything Q5 (i): A manufacturer has two departments; knitting and finishing. This question focuses on
cost accounting problem, please answer showing the solution steps and everything
Q5 (i): A manufacturer has two departments; knitting and finishing. This question focuses on finishing department. Direct materials are added at the end of the process. Given the following information for June 2009: WIP beginning inventory (June 1): Transferred in during June: WIP Ending inventory (June 30): 75 physical units (Conversion costs 60%) 135 physical units 60 physical units (Conversion costs 75%) Using Weighted average method, the equivalent units for transferred in costs are Q5 (): The following information for costs are reported: .WIP beginning: $ 30,000 Conversion costs WIP beginning: $ 75,000 transferred-in costs Total cost added during June for conversion costs: $ 78,000 Total cost added during June for transforrod-in bosts: $ 142,500 Using weighted method, the conversion cost per equivalent unit of work done to date will be

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