The Modelling Department of AMC Inc. incurred $295,000 in direct material costs and $120,600 in conversion costs during the period. The beginning work-in-process inventory costs include $38,000 in direct material costs and $25,000 in conversion costs. The equivalent units of production for direct materials and conversion costs are 8,000 and 5,200, respectively. At the end of the period, 4,500 units are completed and transferred to the next processing department. Compute the costs per equivalent units for conversion costs under the weighted-average method. (Round your answer to the nearest cent.) Group of answer choices $69.63 per EUP $30.50 per EUP $41.63 per EUP $28.00 per EUP
The Modelling Department of AMC Inc. incurred $295,000 in direct material costs and $120,600 in conversion costs during the period. The beginning work-in-process inventory costs include $38,000 in direct material costs and $25,000 in conversion costs. The equivalent units of production for direct materials and conversion costs are 8,000 and 5,200, respectively. At the end of the period, 4,500 units are completed and transferred to the next processing department. Compute the costs per equivalent units for conversion costs under the weighted-average method. (Round your answer to the nearest cent.) Group of answer choices $69.63 per EUP $30.50 per EUP $41.63 per EUP $28.00 per EUP
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The Modelling Department of AMC Inc. incurred $295,000 in direct material costs and $120,600 in conversion costs during the period. The beginning work-in-
Compute the costs per equivalent units for conversion costs under the weighted-average method. (Round your answer to the nearest cent.)
Group of answer choices
$69.63 per EUP
$30.50 per EUP
$41.63 per EUP
$28.00 per EUP
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