The following information about the work-in-process inventory pertains to the Remington Plant for themonth of July (all materials are added at the beginning of the process):Beginning work in process (35,000 units):Percentage complete with respect toCostsEnding work in process (51,000 units):Percentage complete with respect toCostsCost per equivalent unitMaterials ConversionDirectMaterials100%Conversion$ 88,100100%??The Remington Plant started 225,000 units and transferred out 209,000 in July. Materials costs incurred inJuly were $684,000 and conversion costs were $1,069,000.20%$ 23,136??Required:Compute the cost per equivalent unit for materials and conversion costs using the FIFO method.Note: Round your answers to 2 decimal places.60%

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Description: The following information about the work-in-process inventory pertains to the Remington Plant for themonth of July (all materials are added at the beginning of the process):Beginning work in process (35,000 units):Percentage complete with respect to

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The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Beginning work in process (35,000 units): Percentage complete with respect to Costs Ending work in process (51,000 units): Percentage complete with respect to Costs Materials Conversion 100% $ 88,100 ?? 100% 20% $ 23,136 ?? 60% The Remington Plant started 225,000 units and transferred out 209,000 in July. Materials costs incurre July were $684,000 and conversion costs were $1,069,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method. Note: Round your answers to 2 decimal places.

The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Beginning work in process (35,000 units): Percentage complete with respect to Costs Ending work in process (51,000 units): Percentage complete with respect to Costs Materials Conversion 100% $ 88,100 ?? 100% 20% $ 23,136 ?? 60% The Remington Plant started 225,000 units and transferred out 209,000 in July. Materials costs incurre July were $684,000 and conversion costs were $1,069,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the FIFO method. Note: Round your answers to 2 decimal places.

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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