The following Information about the work-in-process Inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Beginning work in process (43,000 units): Percentage complete with respect to Costs Ending work in process (59,000 units): Percentage complete with respect to Costs Materials Conversion 100% 20% $ 92,100 $ 27,136 100% 60% ?? ?? The Remington Plant started 233,000 units and transferred out 217,000 in July. Materials costs incurred in July were $764,000 and conversion costs were $1,149,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the weighted-average method. Note: Round your answers to 2 decimal places. Cost per equivalent unit Direct Materials Conversion
The following Information about the work-in-process Inventory pertains to the Remington Plant for the month of July (all materials are added at the beginning of the process): Beginning work in process (43,000 units): Percentage complete with respect to Costs Ending work in process (59,000 units): Percentage complete with respect to Costs Materials Conversion 100% 20% $ 92,100 $ 27,136 100% 60% ?? ?? The Remington Plant started 233,000 units and transferred out 217,000 in July. Materials costs incurred in July were $764,000 and conversion costs were $1,149,000. Required: Compute the cost per equivalent unit for materials and conversion costs using the weighted-average method. Note: Round your answers to 2 decimal places. Cost per equivalent unit Direct Materials Conversion
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The following Information about the work-in-process Inventory pertains to the Remington Plant for the month of July (all materials are
added at the beginning of the process):
Beginning work in process (43,000 units):
Percentage complete with respect to
Costs
Ending work in process (59,000 units):
Percentage complete with respect to
Costs
Materials
Conversion
100%
20%
$ 92,100
$ 27,136
100%
60%
??
??
The Remington Plant started 233,000 units and transferred out 217,000 in July. Materials costs incurred in July were $764,000 and
conversion costs were $1,149,000.
Required:
Compute the cost per equivalent unit for materials and conversion costs using the weighted-average method.
Note: Round your answers to 2 decimal places.
Cost per equivalent unit
Direct Materials Conversion
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