Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Data table - X Physical Units Direct Conversion (Watches) 100 Materials Costs $549,300 $71,250 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 "Degree of completion: direct materials, 95% conversion costs, 40%. Degree of completion: direct materials, 55% conversion costs, 35% 487 467 120 $3.460,200 $1.782.200 Print Done
Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Data table - X Physical Units Direct Conversion (Watches) 100 Materials Costs $549,300 $71,250 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 "Degree of completion: direct materials, 95% conversion costs, 40%. Degree of completion: direct materials, 55% conversion costs, 35% 487 467 120 $3.460,200 $1.782.200 Print Done
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 23E: Using the same data found in Exercise 6.22, assume the company uses the FIFO method. Required:...
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