Question: Process Costing and Inventory Valuation at General Electric Values: Total Costs: $2,500,000 Equivalent Units: 20,000 Requirements: Calculate the cost per equivalent unit using the weighted

Process Costing and Inventory Valuation at General Electric

Values:

  • Total Costs: $2,500,000
  • Equivalent Units: 20,000

Requirements:

  1. Calculate the cost per equivalent unit using the weighted average method for General Electric.
  2. Prepare a reconciliation of units and costs for General Electric's manufacturing process.
  3. Compute the ending inventory valuation for General Electric.

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