Question: Watermelon Company uses the weighted average method in its process costing system. Data concerning the first processing department for the most recent month are listed


Watermelon Company uses the weighted average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Description Beginning work in process inventory Units Materials costs $14,700 Conversion costs Materials percent complete Conversion percent complete Units started into production Units completed and transferred Materials cost added during the month Conversion cost added during the month Ending work in process inventory 4,700 units Materials percent complete Conversion percent complete What are the equivalent units for conversion What is the cost per equivalent unit for materials? What is cost of ending work in process cosest to? Ravioli Corporation reported the following data for the month of January: Raw materials Work in process Finished goods Beginning Balance Ending Balance $18,700 $25,550 $30,020 $20,740 $40,600 $54,330 Additional information: Description Amount Raw material purchases (all materials are direct) $31,000 Direct labor cost $20,000 Actual manufacturing overhead cost $57,300 Applied manufacturing overhead cost $60,500 What is the cost of goods manufactured for January closest to What is the adjusted cost of goods sold for January closest to Twig Corporation applies manufacturing overhead on the basis of direct labor hours has the following data for its most recent year of operations Description Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours Amount $252,648 4,840 hours $270,415 4,600 hours What is the predetermined overhead rate closest to? What is the applied manufacturing overhead closest to? Manuafacturing overhead for the month is Moving to another question will save this response
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