Canyon Company's Assembly Department has the following production and manufacturing information for February: Units: • 28,000 in beginning inventory that are 100 percent complete for materials and 20 percent for conversion. • 44,600 units finished and transferred out. 17,500 units in ending inventory that are 100 percent complete for materials and 45 percent complete for conversion. Costs: Beginning Current Materials $ 13,500 30,000 Cost per Equivalent Unit Conversion $ 47,200 111,400 Required: Calculate cost per equivalent unit using the weighted-average method. Note: Round cost per Equivalent Unit to 5 decimal places. Direct Materials 0.59914 $ Conversion 6.18099

Canyon Company's Assembly Department has the following production and manufacturing information for February: Units: • 28,000 in beginning inventory that are 100 percent complete for materials and 20 percent for conversion. • 44,600 units finished and transferred out. 17,500 units in ending inventory that are 100 percent complete for materials and 45 percent complete for conversion. Costs: Beginning Current Materials $ 13,500 30,000 Cost per Equivalent Unit Conversion $ 47,200 111,400 Required: Calculate cost per equivalent unit using the weighted-average method. Note: Round cost per Equivalent Unit to 5 decimal places. Direct Materials 0.59914 $ Conversion 6.18099

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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