Question: cost accounting question, please solve showing the steps and everything Q6 (a): A manufacturer has two departments; knitting and finishing. This question focuses on finishing
cost accounting question, please solve showing the steps and everything
Q6 (a): 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 (Juno 1) Transferred in during Juno: WIP Ending inventory (June 30) 75 physical units (Conversion costs 60%) 135 physical units 60 physical units (Conversion costs 75%) Using FIFO mothod, the equivalent units for convorsion costs ara --- Q6 (b): The following costs are reported: Total costs of transferred-in costs of WIP beginning: $ 60,000 Total cost added during June for direct material: $37,500 Total cost added during June for transferred in costs: $130,800 Using FIFO, the direct material cost per qquivalent unit of work done to date will bo

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