The department had a beginning inventory of 5,500 units of product, and it started 94,500 units during the period. It transferred out 90,000 units during the period. Total transferred in and production cost for the period was $902,400. This amount included the cost in beginning inventory plus additional costs incurred during the period. The target (stand) cost per unit is $9.45 A) Determine the equivalent cost per unit, assuming that the ending inventory is considered to be 40% complete. B)Determine the equivalent cost per unit, assuming that the ending inventory is considered to be 60% complete.
The department had a beginning inventory of 5,500 units of product, and it started 94,500 units during the period. It transferred out 90,000 units during the period. Total transferred in and production cost for the period was $902,400. This amount included the cost in beginning inventory plus additional costs incurred during the period. The target (stand) cost per unit is $9.45 A) Determine the equivalent cost per unit, assuming that the ending inventory is considered to be 40% complete. B)Determine the equivalent cost per unit, assuming that the ending inventory is considered to be 60% complete.
Chapter5: Process Costing
Section: Chapter Questions
Problem 10EA: Using the weighted-average method, compute the equivalent units of production for a new company that...
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The department had a beginning inventory of 5,500 units of product, and it started 94,500 units during the period. It transferred out 90,000 units during the period. Total transferred in and production cost for the period was $902,400. This amount included the cost in beginning inventory plus additional costs incurred during the period. The target (stand) cost per unit is $9.45
A) Determine the equivalent cost per unit, assuming that the ending inventory is considered to be 40% complete.
B)Determine the equivalent cost per unit, assuming that the ending inventory is considered to be 60% complete.
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