Answered: Eagle Works provides: • Raw Materials =…

Eagle Works provides: • Raw Materials = $80,000 Direct Labor = $65,000 • Overhead = $25,000 . Beginning WIP = $40,000 • Ending WIP $30,000 = What is the Cost of Goods Manufactured (COGM)?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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Question

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I am trying to find the accurate solution to this general accounting problem with the correct explanation.

Eagle Works provides:
•
Raw Materials = $80,000
Direct Labor = $65,000
•
Overhead = $25,000
. Beginning WIP = $40,000
•
Ending WIP $30,000
=
What is the Cost of Goods Manufactured (COGM)?

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Conversion cost per unit equals $6. Total materials costs equal $60,000. Equivalent units for materials are 12,000. How much is the total manufacturing cost per unit? A. $15 B. $11 C. $13 D. $14 MCQ
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