Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November: Beginning work in process (70% complete). Started in November...... Completed in November and transferred out Ending work in process (40% complete). ....For both. Cost data for November show the following: Beginning WIP inventory Direct materials costs Conversion costs.. Current period costs Direct materials costs Conversion costs... $ 35,670 110,630 $ 408,330 1,521,370 90,000 1,020,000 960,000 150,000 Required 1. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method. 2. Compute the cost per equivalent unit for materials and conversion costs for November.
Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November: Beginning work in process (70% complete). Started in November...... Completed in November and transferred out Ending work in process (40% complete). ....For both. Cost data for November show the following: Beginning WIP inventory Direct materials costs Conversion costs.. Current period costs Direct materials costs Conversion costs... $ 35,670 110,630 $ 408,330 1,521,370 90,000 1,020,000 960,000 150,000 Required 1. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method. 2. Compute the cost per equivalent unit for materials and conversion costs for November.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Materials are added at the beginning of the production process at Campo Company.
The following information on the physical flow of units is available for the month of November:
Beginning work in process (70% complete).
Started in November...
Completed in November and transferred out
Ending work in process (40% complete)..... For both.
Cost data for November show the following:
Beginning WIP inventory
Direct materials costs
Conversion costs..
Current period costs.
Direct materials costs
Conversion costs...
$ 35,670
110,630
$ 408,330
1,521,370
90,000
1,020,000
960,000
150,000
Required
1. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average
method.
2. Compute the cost per equivalent unit for materials and conversion costs for November.
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