Prosable Logistics is a small manufacturing company that uses a process costing system. At the start of production, Prosable Logistics adds all the raw material that will be need for production. The following information is available for Q1's production. Beginning Work in Process Inventory (65% complete as to conversion) 5, 480 units Started this period 72, 500 units Ending Work in Process Inventory (20% complete as to conversion cost) 8,200 units Beginning Work in Process Inventory Costs: Material $42,000 Conversion $94, 000 Current Period Costs: Material $198, 243 Conversion $108, 600 What is the material cost per equivalent unit using the weighted average method? (Round to two decimal places) Group of answer choices a)$0.32 b) $3.08 c)$1.73 d)$3.36
Prosable Logistics is a small manufacturing company that uses a process costing system. At the start of production, Prosable Logistics adds all the raw material that will be need for production. The following information is available for Q1's production. Beginning Work in Process Inventory (65% complete as to conversion) 5, 480 units Started this period 72, 500 units Ending Work in Process Inventory (20% complete as to conversion cost) 8,200 units Beginning Work in Process Inventory Costs: Material $42,000 Conversion $94, 000 Current Period Costs: Material $198, 243 Conversion $108, 600 What is the material cost per equivalent unit using the weighted average method? (Round to two decimal places) Group of answer choices a)$0.32 b) $3.08 c)$1.73 d)$3.36
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
min.4
Transcribed Image Text:Prosable Logistics is a small manufacturing company that uses a process costing system. At the start of production, Prosable Logistics adds all the raw material that will be need for production. The following
information is available for Q1's production. Beginning Work in Process Inventory (65% complete as to conversion) 5, 480 units Started this period 72, 500 units Ending Work in Process Inventory (20%
complete as to conversion cost) 8,200 units Beginning Work in Process Inventory Costs: Material $42,000 Conversion $94, 000 Current Period Costs: Material $198, 243 Conversion $108, 600 What is the
material cost per equivalent unit using the weighted average method? (Round to two decimal places) Group of answer choices a)$0.32 b) $3.08 c)$1.73 d)$3.36
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