Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Department for the month of December.
Materials | Conversion | |||
Work in process, December 1 | $ | 9,230 | $ | 10,228 |
Cost added to production in the Mixing | ||||
Department during December | $ | 227,600 | $ | 285,332 |
Equivalent units of production for December | 11,000 | 10,500 | ||
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)
Cost per Equivalent Units |
||||
COST |
Material |
Conversion Cost |
TOTAL |
|
Beginning WIP Inventory Cost |
$ 9,230 |
$ 10,228 |
$ 19,458 |
|
Cost incurred during period |
$ 2,27,600 |
$ 2,85,332 |
$ 5,12,932 |
|
Total Cost to be accounted for |
$ 2,36,830 |
$ 2,95,560 |
$ 5,32,390 |
|
Total Equivalent Units |
11,000 |
10,500 |
||
Cost per Equivalent Units |
$ 21.53 |
$ 28.15 |
Material |
Conversion |
|
Cost per equivalent Unit |
$ 21.53 |
$ 28.15 |
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s...
Holling Inc. uses the weighted-average
method in its process costing. The following data concern the
company’s Mixing Department for the month of December. Materials
Conversion Work in process, December 1 $ 8,330 $ 9,328 Cost added
to production in the Mixing Department during December $ 226,700 $
284,432 Equivalent units of production for December 10,100
9,600
Holling Inc. uses the weighted average method in its process costing. The following data concern the company's Mixing Department for the month of December....
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Department for the month of December. Materials Conversion Work in process, December 1 $ 8,230 $ 9,228 Cost added to production in the Mixing Department during December $ 226,600 $ 284,332 Equivalent units of production for December 10,000 9,500 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)...
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Department for the month of December. Materials Conversion Work in process, December 1 $ 7,830 $ 8,828 Cost added to production in the Mixing Department during December $ 226,200 $ 283,932 Equivalent units of production for December 9,600 9,100 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December Materials Conversion $ 7,830 $ 8,828 Work in process, December 1 Cost added to production in the Mixing Department during December Equivalent units of production for December $ 226,200 9,600 $ 283,932 9,100 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December (Round your answers to 2 decimal places.)...
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company's Mixing Department for the month of December. Materials Conversion $ 9,030 $ 10,028 Work in process, December 1 Cost added to production in the Mixing Department during December Equivalent units of production for December $ 227,400 10,800 $ 285,132 10,300 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)...
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