Question: Good day please help me to answer the number 24 below Kindly include your (clear) solutions thank you so much in advance! Please... 17. LO.2

Good day please help me to answer the number 24 below

Kindly include your (clear) solutions thank you so much in advance!

Please...

Good day please help me to answer the number 24
17. LO.2 (WA EUP) For each of the following situations, use the weighted average method to determine the equivalent units of production for labor and overhead, assuming that they are continuously at the same percentage of completion: a. Beginning WIP Inventory (45% complete) 10,000 Units started in production 350,000 Units transferred out 344,000 Ending WIP Inventory (60% complete) 16,000 b. Beginning WIP Inventory (30% complete) 40,000 Units started in production 480,000 Units transferred out Ending WIP Inventory (70% complete) 26,000 c. Beginning WIP Inventory (55% complete) 15,000 Units started in production 405,000 Units transferred out 415,800 Ending WIP Inventory (90% complete) d. Beginning WIP Inventory (25% complete) 10,800 Units started in production Units transferred out 351,600 Ending WIP Inventory (45% complete) 18,300 20. LO.3 (FIFO EUP) Using the information in Exercise 17 and assuming a FIFO method of process costing, determine the equivalent units of production for labor and overhead. 24. LO.2 (Cost per WA EUP) In October 2010, Rojo Inc.'s production was 53,600 equiva- lent units for direct material, 48,800 equivalent units for direct labor, and 42,000 equiv- alent units for overhead. During October, direct material, conversion, and overhead costs incurred were as follows: Direct material $158,688 Conversion 189,648 Overhead 85,200 Beginning WIP Inventory costs for October were $26,232 for direct material, $39,024 for direct labor, and $20,640 for overhead. a. How much did Rojo Inc. spend on direct labor in October? b. What was the October weighted average cost per equivalent unit for direct material, direct labor, and overhead

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