Question: What is the cost per equivalent unit for material? 2) Assume that FIFO process costing is used. What is the cost per equivalent unit for

What is the cost per equivalent unit for material?

Assume that FIFO process costing is used. What is the cost per equivalent unit for conversion?

What is the cost of units transferred out of Finishing?

Given the following information Beginning Work in Process Inventory (70% complete as to conversion) Started Ending Work in Process Inventory (10% complete as to conversion) Beginning WIP Inventory Costs: Material P23,400 Conversion 50,607 Current Period Costs: Material P31,500 Conversion 76,956 6,000 units 24,000 units 8,500 units All material is added at the start of the process and all finished products are transferred out. Assume that weighted average process costing is used. What is the cost per equivalent unit for material?

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Step 1 Introduction Process costing makes use of the perception of fee in step with equivalent unit for materials to calculate the cost of materials according to unit of output By dividing the overall ... View full answer

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