Flynn Company has recently tried to improve its analysis for its manufacturingprocess. Units started into production equaled 80,000 and ending work in processequaled 32,000 units. Flynn had no beginning work in process inventory. Conversioncosts are applied equally throughout production, and materials are applied at thebeginning of the process. How much is the materials cost per unit if ending work inprocess was 30% complete and total materials costs equaled $200,000?O $2.50O $4.00O $10.00O $2,84 Fern Company reported the following year-end information:Beginning work in process inventory$1,200,000Beginning raw materials inventory500,000Ending work in process inventory800,000Ending raw materials inventory400,000Raw materials purchased800,000Direct labor700,000Manufacturing overhead600,000Fern Company's cost of goods manufactured for the year is$2,900,000.O $1,800,000.O $4,200,000.$2,600,000.

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Description: Flynn Company has recently tried to improve its analysis for its manufacturingprocess. Units started into production equaled 80,000 and ending work in processequaled 32,000 units. Flynn had no beginning work in process inventory. Conversioncosts are

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beginning of the process. How much is the materials cost per unit if ending work in process was 30% complete and total materials costs equaled $200,000?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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