Seved Help Richards Corporation uses the FIFO method of process costing. The following information is available...
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Seved Help Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department Units Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000. Units completed and transferred out: 330,000. 2.29 Ending Inventory. 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79.700. Costs incurred in October - Direct Materials: $646.800. Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of conversion. Multiple Choice $2.76 $315 < Prev a of 25 Next > I P3 xI AB Seved Help Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department Units Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000. Units completed and transferred out: 330,000. 2.29 Ending Inventory. 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79.700. Costs incurred in October - Direct Materials: $646.800. Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of conversion. Multiple Choice $2.76 $315 < Prev a of 25 Next > I P3 xI AB
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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