Eban Corporation uses the FIFO method in its process costing system. The first processing department, the...
Eban Corporation uses the FIFO method in its process costing system. The first processing department, the Welding Department, started the month with 19,500 units in its beginning work in process inventory that were 50% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $57,200. An additional 60,000 units were started into production during the month. There were 17,000 units in the ending work in process inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $294,160 in conversion costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs is closest to:
5.24
4.56
5.75
5.12
Homework Answers
Equivalent units for conversion cost = 19500*50% + (60000-17000) + 17000*20%
= 56150 units
Cost per equivalent unit for conversion cost = $294160/56150 = $5.24
Add Answer to:
Eban Corporation uses the FIFO method in its process costing
system. The first processing department, the...
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Ibarra Corporation uses the FIFO method in its process costing system. The first processing department, the...
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1. Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,200. An additional 90,000 units were started into production during the month. There were 23,000 units in the ending work in process inventory of the Welding Department that...
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Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 19,400 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,700. An additional 91,000 units were started into production during the month. There were 24,000 units in the ending work in process inventory of the Welding Department that were...
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Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the...
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $24,200. An additional 100,000 units were started into production during the month. There were 33,000 units in the ending work in process inventory of the Welding Department that were...
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the...
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,000 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $23,700. An additional 99,000 units were started into production during the month. There were 32,000 units in the ending work in process inventory of the Welding Department that were...
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Ibarra Corporation uses the FIFO method in its process costing system. The first processing department, the Forming Department started the month with 16,200 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $21.250. An addonal 99.000 units were started into production during the month and 102,000 units were completed and transferred to the next processing department. There were 13.200 units in...
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 20,400 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $22,200. An additional 96,000 units were started into production during the month. There were 29,000 units in the ending work in process inventory of the Welding Department that were...
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