Using th we erage me Data for July: work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) conversion (50% completed) $ 122,400 76, s00 $ 199, 200 90, 000 Balance in work in process inventory, July 1 Units started during July units completed and transferred work-in-process inventory, July 31: 102, 000 Direct materials (100% completed) conversion (50% completed) cost incurred during July: 24,000 Direct materials $ 180, 000 288,000 conversion costs Cost per equivalent unit for materlals under the welghted-average method is calculated to be: Multiple Choice $3.10. O $3.20. $2.00. $2.40. $3.00.

Using th we erage me Data for July: work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) conversion (50% completed) $ 122,400 76, s00 $ 199, 200 90, 000 Balance in work in process inventory, July 1 Units started during July units completed and transferred work-in-process inventory, July 31: 102, 000 Direct materials (100% completed) conversion (50% completed) cost incurred during July: 24,000 Direct materials $ 180, 000 288,000 conversion costs Cost per equivalent unit for materlals under the welghted-average method is calculated to be: Multiple Choice $3.10. O $3.20. $2.00. $2.40. $3.00.

Name: Lights Incorporated calculates cost for an equivalent unit of product
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Lights Incorporated calculates cost for an equivalent unit of production using the welghted-average method.Data for July:Work-in-process inventory, July 1 (36,000 units):Direct materials (100% completed)$ 122,400Conversion (5e% completed)76,800Balan

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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