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Saved At the beginning of the month, the Painting department of Skye Manufacturing reported the following: Units Direct materials Percent Complete Conversion Percent Beginning work in process inventory Units started this period 23,500 80% Complete 20% 122,000 Units completed and transferred out Ending work in process inventory 127,000 18,500 30% 15% Production cost information for the Painting department follows. Beginning work in process Direct materials Conversion $ 29,400 6,950 $ 36,350 Costs added this period Direct materials Conversion $ 235,700 590,015 M Help Save & Exit Su 825,715 If Skye Manufacturing uses the weighted-average method of process costing, compute the cost per equivalent unit for direct materials and conversion respectively for the Painting department.

Saved At the beginning of the month, the Painting department of Skye Manufacturing reported the following: Units Direct materials Percent Complete Conversion Percent Beginning work in process inventory Units started this period 23,500 80% Complete 20% 122,000 Units completed and transferred out Ending work in process inventory 127,000 18,500 30% 15% Production cost information for the Painting department follows. Beginning work in process Direct materials Conversion $ 29,400 6,950 $ 36,350 Costs added this period Direct materials Conversion $ 235,700 590,015 M Help Save & Exit Su 825,715 If Skye Manufacturing uses the weighted-average method of process costing, compute the cost per equivalent unit for direct materials and conversion respectively for the Painting department.

FINANCIAL ACCOUNTING
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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Saved At the beginning of the month, the Painting department of Skye Manufacturing reported the following: Units Direct materials Percent Complete Conversion Percent Beginning work in process inventory Units started this period 23,500 80% Complete 20% 122,000 Units completed and transferred out Ending work in process inventory 127,000 18,500 30% 15% Production cost information for the Painting department follows. Beginning work in process Direct materials Conversion $ 29,400 6,950 $ 36,350 Costs added this period Direct materials Conversion $ 235,700 590,015 M Help Save & Exit Su 825,715 If Skye Manufacturing uses the weighted-average method of process costing, compute the cost per equivalent unit for direct materials and conversion respectively for the Painting department.
Transcribed Image Text:Saved At the beginning of the month, the Painting department of Skye Manufacturing reported the following: Units Direct materials Percent Complete Conversion Percent Beginning work in process inventory Units started this period 23,500 80% Complete 20% 122,000 Units completed and transferred out Ending work in process inventory 127,000 18,500 30% 15% Production cost information for the Painting department follows. Beginning work in process Direct materials Conversion $ 29,400 6,950 $ 36,350 Costs added this period Direct materials Conversion $ 235,700 590,015 M Help Save & Exit Su 825,715 If Skye Manufacturing uses the weighted-average method of process costing, compute the cost per equivalent unit for direct materials and conversion respectively for the Painting department.
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