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Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processin department consisted of 1,300 units. The costs and percentage completion of these units in beginning inventory were: Materials costs. Conversion costs Cost $6,600 $7,700 Materials costs. Conversion costs. A total of 8,300 units were started and 6,800 units were transferred to the second processing department during the month. The following costs we ncurred in the first processing department during the month: Percent Complete 65% 45% Cost $126,400 $207,900 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first department for the month is closest to:

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processin department consisted of 1,300 units. The costs and percentage completion of these units in beginning inventory were: Materials costs. Conversion costs Cost $6,600 $7,700 Materials costs. Conversion costs. A total of 8,300 units were started and 6,800 units were transferred to the second processing department during the month. The following costs we ncurred in the first processing department during the month: Percent Complete 65% 45% Cost $126,400 $207,900 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first department for the month is closest to:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,300 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $6,600 $7,700 Materials costs Conversion costs A total of 8,300 units were started and 6,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 65% 45% Cost $126,400 $207,900 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first department for the month closest to:
Transcribed Image Text:Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,300 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $6,600 $7,700 Materials costs Conversion costs A total of 8,300 units were started and 6,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 65% 45% Cost $126,400 $207,900 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first department for the month closest to:
Multiple Choice O $27.71 $23.07 $28.00 $25.20
Transcribed Image Text:Multiple Choice O $27.71 $23.07 $28.00 $25.20
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