What is the cost per equivalent material? Given the following informationBeginning Work in Process Inventory(70% complete as to conversion)StartedEnding Work in Process Inventory(10% complete as to conversion)6,000 units24,000 units8,500 unitsBeginning WIP Inventory Costs:MaterialP23,40050,607ConversionCurrent Period Costs:MaterialP31,50076,956ConversionAll material is added at the start of the process and all finished products are transferred out.Assume that weighted average process costing is used. What is the cost per equivalent unit for material?

When weighted average process costing is used , then percentage completion of opening work in…

Given the following information Beginning Work in Process Inventory (70% complete as to conversion) Started Ending Work in Process Inventory (10% complete as to conversion) 6,000 units 24,000 units 8,600 units Beginning WIP Inventory Costs: Material Conversion P23,400 50,607 Current Period Costs: Material Conversion P31,500 76,956 All material is added at the start of the process and all finished products are transferred out. Assume that weighted average process costing is used. What is the cost per equivalent unit for material?

Given the following information Beginning Work in Process Inventory (70% complete as to conversion) Started Ending Work in Process Inventory (10% complete as to conversion) 6,000 units 24,000 units 8,600 units Beginning WIP Inventory Costs: Material Conversion P23,400 50,607 Current Period Costs: Material Conversion P31,500 76,956 All material is added at the start of the process and all finished products are transferred out. Assume that weighted average process costing is used. What is the cost per equivalent unit for material?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

What is the cost per equivalent material?

Given the following information
Beginning Work in Process Inventory
(70% complete as to conversion)
Started
Ending Work in Process Inventory
(10% complete as to conversion)
6,000 units
24,000 units
8,500 units
Beginning WIP Inventory Costs:
Material
P23,400
50,607
Conversion
Current Period Costs:
Material
P31,500
76,956
Conversion
All material is added at the start of the process and all finished products are transferred out.
Assume that weighted average process costing is used. What is the cost per equivalent unit for material?

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