Question: Dexter Manufacturing uses the weighted-average method in its process costing system. The following information is available for materials in the production department for March: March 1 (Beginning WIP Inventory) 22,000 30% March 31 (Ending WIP Inventory) Units Started During March 19,000 15% 78,000 . The materials cost in beginning inventory was $38,500. . A total of $725,000 in material costs was incurred in the department during March. What is the cost per equivalent unit for materials in March?

Question: Dexter Manufacturing uses the weighted-average method in its process costing system. The following information is available for materials in the production department for March: March 1 (Beginning WIP Inventory) 22,000 30% March 31 (Ending WIP Inventory) Units Started During March 19,000 15% 78,000 . The materials cost in beginning inventory was $38,500. . A total of $725,000 in material costs was incurred in the department during March. What is the cost per equivalent unit for materials in March?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 3P: Kokomo Kayak Inc. uses the process cost system. The following data, taken from the organizations...

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Dublin Brewing Co. uses the process cost system. The following data, taken from the organizations books, reflect the results of manufacturing operations during October: Production Costs Work in process, beginning of period: Costs incurred during month: Production Data: 13,000 units finished and transferred to stockroom Work in process, end of period, 2,000 units one-half completed Required: Prepare a cost of production summary for October.
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The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory (60% complete) on October 1. During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
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