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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![s
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:
4
Beginning
Current
Materials
$ 13,500
30,000
Cost per Equivalent Unit
Required:
Calculate cost per equivalent unit using the weighted-average method.
Note: Round cost per Equivalent Unit to 5 decimal places.
Conversion
$ 47,200
111,400
$
Direct Materials
0.59914 $
Conversion
6.18099](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F98c7d7b4-8cb8-4129-98e6-8da3d20c4a6c%2F83893741-4b42-43a7-804e-8e3712042198%2Fx4o7mxi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:s
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:
4
Beginning
Current
Materials
$ 13,500
30,000
Cost per Equivalent Unit
Required:
Calculate cost per equivalent unit using the weighted-average method.
Note: Round cost per Equivalent Unit to 5 decimal places.
Conversion
$ 47,200
111,400
$
Direct Materials
0.59914 $
Conversion
6.18099
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