Question: EXERCISE 4S-2 Cost per Equivalent Unit-FIFO Method [LO7] Resprin Company uses the FIFO method in its process costing system. Data for the Assembly Department
EXERCISE 4S-2 Cost per Equivalent Unit-FIFO Method [LO7] Resprin Company uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Cost added during May....... $82,560 $52,920 $132,300 Equivalent units of production..... 16,000 14,000 14,000 Required: Compute the cost per equivalent unit for materials, for labor, for overhead, and in total.
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