Holling Inc uses the weighted average method in its process costing The following data concern the companys Mixing Department for the month of December Materials Conversion Work in process, December 1 $ 8,730 $ 9,728 Cost added to production in the Mixing Department during December $ 227,100 $ 284,832 Equivalent units of production for December 10,500 10,000 Required Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December (Round your answers to 2 decimal places ) Cost per equivalent unit Materials Conversion

The Answer is in the image, click to view ...

Question: Holling Inc. uses the weighted-average method in its process costing. The following data concern the companys Mixing Department for the month of December. Materials Conversion

Holling Inc. uses the weighted-average method in its process costing. The following data concern the companys Mixing Department for the month of December.

	Materials		Conversion
Work in process, December 1	$	8,730	$	9,728
Cost added to production in the Mixing
Department during December	$	227,100	$	284,832
Equivalent units of production for December		10,500		10,000

Required:

Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)

Cost per equivalent unit: Materials? Conversion?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Holling Inc. uses the weighted-average method in its process costing. The following data concern the companys Mixing Department for the month of December. Materials Conversion Work in process,...

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December Materials Conversion Work in process,...

Holling Inc. uses the weighted-average method in its process costing. The following data concern the companys Mixing Department for the month of December. Materials Conversion Work in process,...

Holling Inc, uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December Materials Conversion $ 9,230 $ 10,228 Work...

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December. Materials Conversion $ 9,230 10,228...

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December Materials Conversion Work in process,...

Holling Inc. uses the weighted-average method in its process costing. The following data concern the companys Mixing Department for the month of December. Materials Conversion Work in process,...

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December Materials Conversion Work in process,...

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December. Materials Conversion Work in Cost added to...

Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Prepare a retained earnings statement for the...

The first two intervals for the chocolate chip melting times are [0, 25) and [25, 30). Write out the remaining intervals. Any incomplete times, such as 30+ and 35+, are ignored in creating intervals.

M 2 - COMPREHENSIVE CAPITAL BUDGETING QUE... COMPREHENSIVE CAPITAL BUDGETING EXERCISE ( STRAIGHT LINE DEPRECIATION ) You are currently the finance manager for Al Marai Inc. The company is expected to...

Elizabeth Island Airways scher. Ellermalogenal airine serving the New England area, recently suffered a major cras. As a result passengers are considered to be shy choose As there comer when making...

Promotion by seniority. Salary bands have low differentials in Japan at the beginning of the career, and promotion by seniority reflects a step-by-step approach, and a group orientation. European...

1 In view of the changing context within which Shell operates, how is it possible to reconcile the need to be flexible and maintain an open market system for selecting expatriate managers for...

1 Are there high failure rates among expatriates? How do these differ from one home country to another, one host country to another, and from one company to another?