Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to undetectable materials defects. Spoiled units generally constitute 3% of the good units. Data for December 2017 are as follows: WIP, beginning inventory 12/1/2017 Direct materials (100% complete) Conversion costs (80% complete) Started during December Completed and transferred out 12/31/2017 WIP, ending inventory 12/31/2017 Direct materials (100% complete) Conversion costs (60% complete) Costs for December: WIP, beginning Inventory: Direct materials Conversion costs Direct materials added Conversion costs added 22,700 units A. $3.86 B. $3.69 C.$4.04 D. $7.90 76,300 units 72,100 units 18,100 units $151,000 76,900 231,400 294,000 What is the total cost per equivalent unit using the weighted-average method of process costing? (Round any cost per unit calculations to the nearest cont.)

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to undetectable materials defects. Spoiled units generally constitute 3% of the good units. Data for December 2017 are as follows: WIP, beginning inventory 12/1/2017 Direct materials (100% complete) Conversion costs (80% complete) Started during December Completed and transferred out 12/31/2017 WIP, ending inventory 12/31/2017 Direct materials (100% complete) Conversion costs (60% complete) Costs for December: WIP, beginning Inventory: Direct materials Conversion costs Direct materials added Conversion costs added 22,700 units A. $3.86 B. $3.69 C.$4.04 D. $7.90 76,300 units 72,100 units 18,100 units $151,000 76,900 231,400 294,000 What is the total cost per equivalent unit using the weighted-average method of process costing? (Round any cost per unit calculations to the nearest cont.)

Name: Outose Concept manufactures small tables in its Processing Department
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Description: Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the productioncycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the producti

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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