In Sheridan Company, total materials costs are $37,600, and total conversion costs are $61,560 for June. Equivalent units of production are materials 10,000 and conversion costs 12,000. (a1) Your answer is correct. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit Conversion cost per unit eTextbook and Media (a2) $ tA LA 3.76 Total manufacturing cost per unit $ 5.13 Compute the unit cost for total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Attempts: 1 of 4 used

In Sheridan Company, total materials costs are $37,600, and total conversion costs are $61,560 for June. Equivalent units of production are materials 10,000 and conversion costs 12,000. (a1) Your answer is correct. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit Conversion cost per unit eTextbook and Media (a2) $ tA LA 3.76 Total manufacturing cost per unit $ 5.13 Compute the unit cost for total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Attempts: 1 of 4 used

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Description: In Sheridan Company, total materials costs are $37,600, and total conversion costs are $61,560 for June. Equivalent units ofproduction are materials 10,000 and conversion costs 12,000.(a1)Your answer is correct.Compute the unit costs for materials a

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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