Computing the cost per EUP, second departmentThe Finishing Department reports the following data for the month:Calculate the cost per equivalent units of production for each input. The company uses the weighted-average method. Equivalent Units of Production:Transferred InDirect MaterialsConversion Costs3,0003,0002,250Costs:Beginning WIPAdded this MonthTotal$ 15,000$ 22,500Transferred InDirect MaterialsConversion Costs$ 7,5003,2506,5009,7506,12513,00019,125Total$ 16,875$ 34,500$ 51,375

Name: Computing the cost per EUP, second departmentThe Finishing Department
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Description: Computing the cost per EUP, second departmentThe Finishing Department reports the following data for the month:Calculate the cost per equivalent units of production for each input. The company uses the weighted-average method. Equivalent Units of Pro

Cost per Equivalent unit = Total costs / Equivalent units of production

Business

Accounting

Equivalent Units of Production: Transferred In Direct Materials Conversion Costs 3,000 3,000 2,250 Costs: Beginning WIP Added this Month Total $ 15,000 $ 22,500 Transferred In Direct Materials Conversion Costs $ 7,500 3,250 6,500 9,750 6,125 13,000 19,125 Total $ 16,875 $ 34,500 $ 51,375

Equivalent Units of Production: Transferred In Direct Materials Conversion Costs 3,000 3,000 2,250 Costs: Beginning WIP Added this Month Total $ 15,000 $ 22,500 Transferred In Direct Materials Conversion Costs $ 7,500 3,250 6,500 9,750 6,125 13,000 19,125 Total $ 16,875 $ 34,500 $ 51,375

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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