A company uses the weighted-average method for inventory costing. At the beginning of the period, it reported the following data: Units 29,000 185,000 183,000 31,000 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory The production department data related to conversion costs follows: Costs of beginning work in process Costs added this period $ 117,000 744,825 Conversion Percent Complete 40% 75%
A company uses the weighted-average method for inventory costing. At the beginning of the period, it reported the following data: Units 29,000 185,000 183,000 31,000 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory The production department data related to conversion costs follows: Costs of beginning work in process Costs added this period $ 117,000 744,825 Conversion Percent Complete 40% 75%
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:A company uses the weighted-average method for inventory costing. At the beginning of the period, it reported the following data:
Beginning work in process inventory
Units started this period
Units completed and transferred out
Ending work in process inventory
The production department data related to conversion costs follows:
Costs of beginning work in process
Costs added this period
Units
29,000
185,000
183,000
31,000
Compute the conversion cost per equivalent unit.
$ 117,000
744,825
Conversion Percent
Complete
40%
75%
Transcribed Image Text:Multiple Choice
O
O
O
O
$4.18.
$4.27.
$4.07.
$3.83.
$4.43.
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