1. How much is the cost per equivalent unit for the month using Average costing? 2. How much is the cost per equivalent unit for the month using FIFO? Dmahirap company adds all materials at the beginning of the process in the first department. Conversioncosts were 75% complete as to 8,000 units in WIP.beg and 50% complete as to 6,000 units in WIP,end.During the month, 12,000 units were completed and transferred to the next department. Analysis of thecosts relating to production for October follows:MaterialsConversionCostWIP.begCosts added this month 15,600P9,600P4,80014,400

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Description: 1. How much is the cost per equivalent unit for the month using Average costing? 2. How much is the cost per equivalent unit for the month using FIFO? Dmahirap company adds all materials at the beginning of the process in the first department. Conve

Equivalent units for production: The activity of a processing department in terms of fully…

Answered: 1. How much is the cost per equivalent…

Business

Accounting

1. How much is the cost per equivalent unit for the month using Average costing? 2. How much is the cost per equivalent unit for the month using FIFO?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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