Please do not give solution in image format thanku Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accountingrecords show the following information for February:Beginning WIP inventoryDirect materialsConversion costsCurrent period costsDirect materialsConversion costs$ 27,0538,755Beginning inventoryCurrent period units startedEnding inventory163, 20784,065Quantity information is obtained from the manufacturing records and includes the following:6,000 units (40% complete as to materials, 15% complete as to conversion)45,300 units24,000 units (75% complete as to materials, 35% complete as to conversion)quired:Compute the equivalent units for the materials and conversion cost calculations.Compute the cost per equivalent unit for direct materials and conversion costs.

Direct material cost is the cost of raw material produced or purchased to produce the final…

Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 27,053 8,755 163,207 84,065 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) 45,300 units 24,000 units (75% complete as to materials, 35% complete as to conversion) juired: Compute the equivalent units for the materials and conversion cost calculations. Compute the cost per equivalent unit for direct materials and conversion costs.

Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs $ 27,053 8,755 163,207 84,065 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory Current period units started Ending inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) 45,300 units 24,000 units (75% complete as to materials, 35% complete as to conversion) juired: Compute the equivalent units for the materials and conversion cost calculations. Compute the cost per equivalent unit for direct materials and conversion costs.

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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