Problem 7- Average Costing, Unit cost Rason-Ng-Rason Company manufactures Product Dina-Tuto in two-stage production cycle in Departments X and Y and uses the weighted average method. Materials are added at the start of the process in Department Y, Conversion costs for Department Y were 50% complete as to the 6,000 units in the beginning work in process and 75% complete as to the 8,000 units in the ending work in process. Twelve thousand units were completed and transferred out of Department Y in February. An analysis of the costs relating to work in process (WIP) and production activity in Department Y for February is as follows: C O S S Transferred In Materials Labor & FOH P 12,000 P 1,000 Work in process, February 1, costs Added costs in February The total cost per equivalent unit transferred out for February of Dina-Tuto rounded to the nearest centavo is? P 2,500 5,500 29,000 5,000

Problem 7- Average Costing, Unit cost Rason-Ng-Rason Company manufactures Product Dina-Tuto in two-stage production cycle in Departments X and Y and uses the weighted average method. Materials are added at the start of the process in Department Y, Conversion costs for Department Y were 50% complete as to the 6,000 units in the beginning work in process and 75% complete as to the 8,000 units in the ending work in process. Twelve thousand units were completed and transferred out of Department Y in February. An analysis of the costs relating to work in process (WIP) and production activity in Department Y for February is as follows: C O S S Transferred In Materials Labor & FOH P 12,000 P 1,000 Work in process, February 1, costs Added costs in February The total cost per equivalent unit transferred out for February of Dina-Tuto rounded to the nearest centavo is? P 2,500 5,500 29,000 5,000

Name: Problem 7- Average Costing, Unit costRason-Ng-Rason Company manufactu
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Description: Problem 7- Average Costing, Unit costRason-Ng-Rason Company manufactures Product Dina-Tuto in two-stageproduction cycle in Departments X and Y and uses the weighted average method.Materials are added at the start of the process in Department Y, Conv

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 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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