Domingo Corporation uses the weighted-average method in its process costing system. The costs of these units in beginning inventory were: Materials costs Conversion costs A total of 6,700 units were completed and transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $159,300 $121,000 Materials costs Conversion costs Cost $6,100 $2,300 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: O $19.14 $18.62 $20.31 $19.39

Domingo Corporation uses the weighted-average method in its process costing system. The costs of these units in beginning inventory were: Materials costs Conversion costs A total of 6,700 units were completed and transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost $159,300 $121,000 Materials costs Conversion costs Cost $6,100 $2,300 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: O $19.14 $18.62 $20.31 $19.39

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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