Question: The following information is available for Jacqui, Inc. for the month of January Work-in-process, January 1 (70% complete) 10,000 Units Cost Direct materials $24,000 Direct labor 12,000 Manufacturing overhead 16,000 Work-in process, January 1 $52,000 Started in production during January 40,000 Cost Added: Direct materials $72,000 Direct labor 32,000 Manufacturing overhead 40,400 Total costs added during January $144,400 Work-in-process, January 31 (80% complete) 4,000 Materials are added at the beginning of the process. Calculate the cost per equivalent unit in process for conversion using the weighted average method.
Question: The following information is available for Jacqui, Inc. for the month of January Work-in-process, January 1 (70% complete) 10,000 Units Cost Direct materials $24,000 Direct labor 12,000 Manufacturing overhead 16,000 Work-in process, January 1 $52,000 Started in production during January 40,000 Cost Added: Direct materials $72,000 Direct labor 32,000 Manufacturing overhead 40,400 Total costs added during January $144,400 Work-in-process, January 31 (80% complete) 4,000 Materials are added at the beginning of the process. Calculate the cost per equivalent unit in process for conversion using the weighted average method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information is available for Jacqui, Inc. for the month of January
Work-in-process, January 1 (70% complete) 10,000
Units Cost
Direct materials
$24,000
Direct labor
12,000
Manufacturing overhead
16,000
Work-in process, January 1
$52,000
Started in production during January
40,000
Cost Added:
Direct materials
$72,000
Direct labor
32,000
Manufacturing overhead
40,400
Total costs added during January
$144,400
Work-in-process, January 31 (80% complete) 4,000
Materials are added at the beginning of the process.
Calculate the cost per equivalent unit in process for conversion using the weighted average method.
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