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A company manufactures custom furniture and uses a process costing system. During the month of September, the company started production on 550 units and completed 440 units. The remaining 100 units were 57% complete in terms of materials and 43% complete in terms of labor and overhead. The total cost incurred during the month for materials was $33,200, and the cost for labor and overhead was $24,800. Using the weighted-average method, what is the equivalent unit cost for materials and conversion costs (labor and overhead)?

A company manufactures custom furniture and uses a process costing system. During the month of September, the company started production on 550 units and completed 440 units. The remaining 100 units were 57% complete in terms of materials and 43% complete in terms of labor and overhead. The total cost incurred during the month for materials was $33,200, and the cost for labor and overhead was $24,800. Using the weighted-average method, what is the equivalent unit cost for materials and conversion costs (labor and overhead)?

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 6E: Foamy Inc. manufactures shaving cream and uses the weighted average cost method. In November,...
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A company manufactures custom furniture and uses a process costing system. During the month of September, the company started production on 550 units and completed 440 units. The remaining 100 units were 57% complete in terms of materials and 43% complete in terms of labor and overhead. The total cost incurred during the month for materials was $33,200, and the cost for labor and overhead was $24,800. Using the weighted-average method, what is the equivalent unit cost for materials and conversion costs (labor and overhead)?

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