The following cost information is available for July for the Crest Plant at Calvert Company: Beginning work-in-process inventory Materials cost Conversion cost Total Current costs Materials cost Conversion cost Total Materials are added at the beginning of the process. The following quantities have been recorded: $ 59,000 38,000 $ 97,000 Beginning inventory, 43,000 partially complete gallons, 55 percent complete with respect to conversion costs. • Units started in July, 83,000 gallons. • Units transferred out in July, 93,000 gallons. • Ending inventory, 33,000 gallons, 70 percent complete with respect to conversion costs. Cost per equivalent unit $ 150,000 400,000 $ 550,000 Required: Compute the cost per equivalent unit for direct materials and conversion costs for July using the weighted-average method. Note: Round your answers to 2 decimal places. Direct Materials Conversion Costs

The following cost information is available for July for the Crest Plant at Calvert Company: Beginning work-in-process inventory Materials cost Conversion cost Total Current costs Materials cost Conversion cost Total Materials are added at the beginning of the process. The following quantities have been recorded: $ 59,000 38,000 $ 97,000 Beginning inventory, 43,000 partially complete gallons, 55 percent complete with respect to conversion costs. • Units started in July, 83,000 gallons. • Units transferred out in July, 93,000 gallons. • Ending inventory, 33,000 gallons, 70 percent complete with respect to conversion costs. Cost per equivalent unit $ 150,000 400,000 $ 550,000 Required: Compute the cost per equivalent unit for direct materials and conversion costs for July using the weighted-average method. Note: Round your answers to 2 decimal places. Direct Materials Conversion Costs

Name: The following cost information is available for July for the Crest Pl
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Description: The following cost information is available for July for the Crest Plant atCalvert Company:Beginning work-in-process inventoryMaterials costConversion costTotalCurrent costsMaterials costConversion costTotalMaterials are added at the beginning of th

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...

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