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Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Multiple Choice Materials $ 10,000 290,000 $ 300,000 $80 Conversion $ 15,000 386,500 $ 401,500 If the equivalent units of production for conversion is 5,000 units using the weighted average method, then what is the cost per equivalent unit for conversion Note: Round your final answer to nearest whole dollar amount. Total $ 25,000 676,500 $ 701,500

Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Multiple Choice Materials $ 10,000 290,000 $ 300,000 $80 Conversion $ 15,000 386,500 $ 401,500 If the equivalent units of production for conversion is 5,000 units using the weighted average method, then what is the cost per equivalent unit for conversion Note: Round your final answer to nearest whole dollar amount. Total $ 25,000 676,500 $ 701,500

FINANCIAL ACCOUNTING
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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D 28 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Multiple Choice O If the equivalent units of production for conversion is 5,000 units using the weighted average method, then what is the cost per equivalent unit for conversion? Note: Round your final answer to nearest whole dollar amount. O $80 $77 Materials $ 10,000 290,000 $ 300,000 5140 Conversion $ 15,000 386,500 $ 401,500 Total $ 25,000 676,50e $ 701,500
Transcribed Image Text:D 28 Milling Department Cost of beginning work in process inventory Costs added during the period Total cost Multiple Choice O If the equivalent units of production for conversion is 5,000 units using the weighted average method, then what is the cost per equivalent unit for conversion? Note: Round your final answer to nearest whole dollar amount. O $80 $77 Materials $ 10,000 290,000 $ 300,000 5140 Conversion $ 15,000 386,500 $ 401,500 Total $ 25,000 676,50e $ 701,500
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