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How to calculate direct materials cost per equivalent unit?
The production department had $1,115,920 of direct materials and $777,192 of conversion costs charged to it during April. Also, its beginning inventory of $205,948 consists of $167,920 of direct materials cost and $38,028 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April.
What is the beginning inventory cost of a forming Department?
At the beginning of the month, the forming department has 27,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $56,100 consisted of $40,000 of direct materials costs and $16,100 of conversion costs.
How to connect managerial accounting homework Chapter 3?
1. Calculate the equivalent units of production for the forming department. 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the weighted-average method, assign costs to the forming department’s output—specifically, its units transferred to painting and its ending work in process inventory.
Last Update: Oct 2021
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20.10.2021 00:19
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21.10.2021 12:21
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18.10.2021 09:57
This equipment has letter a cost of $1,098,000 with depreciation to date of $488,000 as of Dec 31, 2017.
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