e The following represents a part of the the cost report for a manufacturing company: Cost category Cost of beginning WIP Current Costs Total Costs Number of equivalent Units Cost / Unit Total Cost ($) DM ($) CC ($) 48,000 16,000 32,000 346,000 126,000 220,000 394,000 142,000 252,000 20,400 20,000 $6.96 $12.60 Based on the above, which method had the company used to determine the cost per unit? Choose... Choose... First In First Out Weighted Average determining the unit cost does not depend on the method used. Does not matter because FIFO and weighted average give the same result in this particular case. Next page P

e The following represents a part of the the cost report for a manufacturing company: Cost category Cost of beginning WIP Current Costs Total Costs Number of equivalent Units Cost / Unit Total Cost ($) DM ($) CC ($) 48,000 16,000 32,000 346,000 126,000 220,000 394,000 142,000 252,000 20,400 20,000 $6.96 $12.60 Based on the above, which method had the company used to determine the cost per unit? Choose... Choose... First In First Out Weighted Average determining the unit cost does not depend on the method used. Does not matter because FIFO and weighted average give the same result in this particular case. Next page P

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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