The following represents a part of the the cost report for a manufacturing company: Cost category Cost of beginning WIP Current Costs Total Costs Number of equivalent Units Cost / Unit Total Cost ($) DM ($) CC ($) 48,000 16,000 32,000 346,000 126,000 220,000 394,000 142,000 252,000 20,400 20,000 $6.96 $12.60 Based on the above, which method had the company used to determine the cost per unit?
The following represents a part of the the cost report for a manufacturing company: Cost category Cost of beginning WIP Current Costs Total Costs Number of equivalent Units Cost / Unit Total Cost ($) DM ($) CC ($) 48,000 16,000 32,000 346,000 126,000 220,000 394,000 142,000 252,000 20,400 20,000 $6.96 $12.60 Based on the above, which method had the company used to determine the cost per unit?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The following represents a part of the the cost report for a manufacturing company:
Cost category
Cost of beginning WIP
Current Costs
Total Costs
Number of equivalent Units
Cost / Unit
Total Cost ($) DM ($)
CC ($)
48,000
16,000 32,000
346,000 126,000 220,000
394,000 142,000 252,000
20,400 20,000
$6.96 $12.60
Based on the above, which method had the company used to determine the cost per unit?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd3716796-d3ee-49ce-9a37-0a767a20be97%2Fb03409e2-2440-45cc-b1c3-38137b7004d8%2Foqvpi9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following represents a part of the the cost report for a manufacturing company:
Cost category
Cost of beginning WIP
Current Costs
Total Costs
Number of equivalent Units
Cost / Unit
Total Cost ($) DM ($)
CC ($)
48,000
16,000 32,000
346,000 126,000 220,000
394,000 142,000 252,000
20,400 20,000
$6.96 $12.60
Based on the above, which method had the company used to determine the cost per unit?
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