The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials areadded at the beginning of the process):Beginning work in process (45,000 units):Percentage complete with respect toCostsEnding work in process (61,000 units):Percentage complete with respect toCostsCost per equivalent unitMaterials ConversionDirect Materials100%$ 93,100Conversion??100%20%$ 28,136??The Remington Plant started 235,000 units and transferred out 219,000 in July. Materials costs incurred in July were $784,000 andconversion costs were $1,169,000.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.60%

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Description: The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials areadded at the beginning of the process):Beginning work in process (45,000 units):Percentage complete with respect to

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The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials a added at the beginning of the process): Beginning work in process (45,000 units): Percentage complete with respect to Costs Ending work in process (61,000 units): Percentage complete with respect to Costs Materials Conversion 100% $ 93,100 ?? 100% 20% $ 28, 136 ?? 60% The Remington Plant started 235,000 units and transferred out 219,000 in July. Materials costs incurred in July were $784,000 and conversion costs were $1,169,000. 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.

The following information about the work-in-process inventory pertains to the Remington Plant for the month of July (all materials a added at the beginning of the process): Beginning work in process (45,000 units): Percentage complete with respect to Costs Ending work in process (61,000 units): Percentage complete with respect to Costs Materials Conversion 100% $ 93,100 ?? 100% 20% $ 28, 136 ?? 60% The Remington Plant started 235,000 units and transferred out 219,000 in July. Materials costs incurred in July were $784,000 and conversion costs were $1,169,000. 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.

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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