Required: 1. Assume there was no beginning inventory of any kind on January 1, 2017. 5,000 cameras were placed into production and all 5,000 were fully com of the month. What is the unit cost of an assembled camera in January? 2. Assume that during February 5,000 cameras are placed into production. Fu same total assembly costs for January are also incurred in February, but on are fully completed at the end of the month. All direct materials have been remaining 1,000 cameras. However, on average, these remaining 1,000 car 60% complete as to conversion costs. (a) What are the equivalent units for
Required: 1. Assume there was no beginning inventory of any kind on January 1, 2017. 5,000 cameras were placed into production and all 5,000 were fully com of the month. What is the unit cost of an assembled camera in January? 2. Assume that during February 5,000 cameras are placed into production. Fu same total assembly costs for January are also incurred in February, but on are fully completed at the end of the month. All direct materials have been remaining 1,000 cameras. However, on average, these remaining 1,000 car 60% complete as to conversion costs. (a) What are the equivalent units for
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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