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 $ 8,430 $ 9,428 Cost added to production in the Mixing Department during December $ 226,800 $ 284,532 Equivalent units of production for December 10,200 9,700 Required Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December (Round your answers to 2 decimal places ) Materials Conversion Cost per equivalent unit

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	$	8,430	$	9,428
Cost added to production in the Mixing
Department during December	$	226,800	$	284,532
Equivalent units of production for December		10,200		9,700

Required:

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

	Materials	Conversion
Cost per equivalent unit

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...

To demonstrate/explore the effect increased sample size has on the calculated chi-square value, lets consider the Skittles candies in Exercise 11.16 and sample some larger bags of the candy. a....

Yakal Exploration Co. purchased in 2012 a property that contained mineral deposit for P4,500,000.Estimated recovery was P1,000,000 metric tons of deposits. Development costs P150,000 were also...

Provide an example of a market where you think the Coase Theorem applies. Explain why you think the market satisfies assumptions regarding transactions costs, income effects, and free riders.

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Reword the following logical explanations for a negative message so that each has positive rather than negative words and tone. Consider what can be done rather than what cannot. Add necessary...

Global. Interview a person who is a native of another country to learn how negative messages would be conveyed in his or her homeland. (Objectives 3, 4, 5, and 6)

You own a 300-acre farm outside the city. Jack Ripsaw runs a local sawmill and has requested that you let him cut pulpwood from your farm and split the profit 50-50. Mr. Ripsaws reputation for...