Please do not give solution in image format thanku At Hodgson Corporation, direct materials are added at the beginning of the process andconversions costs are uniformly applied. Other details include:Beginning WIP direct materialsBeginning WIP conversion costsCosts of materials added$32,000$36,000$384,100$390,10025,200 units122,500units106,700Units completed and transferred outunitsWIP ending (60% for conversion)41,000 unitsWhat is the cost per equivalent unit for conversion costs?Costs of conversion addedWIP beginning (50% for conversion)Units started$2.88$3.25$2.97O $3.57

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Description: Please do not give solution in image format thanku At Hodgson Corporation, direct materials are added at the beginning of the process andconversions costs are uniformly applied. Other details include:Beginning WIP direct materialsBeginning WIP conver

Conversion costs are the costs incurred to convert raw materials into finished products. These costs…

Business

Accounting

At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started 106,700 Units completed and transferred out units WIP ending (60% for conversion) 41,000 units What is the cost per equivalent unit for conversion costs? $2.88 $3.25 $2.97 $32,000 $36,000 $384,100 $390,100 25,200 units 122,500 units O $3.57

At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started 106,700 Units completed and transferred out units WIP ending (60% for conversion) 41,000 units What is the cost per equivalent unit for conversion costs? $2.88 $3.25 $2.97 $32,000 $36,000 $384,100 $390,100 25,200 units 122,500 units O $3.57

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5BE: The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000....

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