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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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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92a4c5fb-b4c2-4f5d-9fe4-3d804c0707fe%2F6a5fdc5a-acb2-481c-9d2a-512393e5f295%2Fi4mck0l_processed.png&w=3840&q=75)
Transcribed Image Text: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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