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What is the cost per equivalent unit for conversion cost using FIFO? Lezdodis corporation manufactures a product in three departments. department are: Work Data related to the second in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 Units transferred to Dep't 3 Work in process, end (60% material, 1,000 u 30% conversion cost) Production costs: Work in process, beg Cost from Dep't 1 Direct Materials Direct labor 4,600 u 5,000 u P34,842 70,380 20,440 17,526 Factory Overhead 35.052

What is the cost per equivalent unit for conversion cost using FIFO? Lezdodis corporation manufactures a product in three departments. department are: Work Data related to the second in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 Units transferred to Dep't 3 Work in process, end (60% material, 1,000 u 30% conversion cost) Production costs: Work in process, beg Cost from Dep't 1 Direct Materials Direct labor 4,600 u 5,000 u P34,842 70,380 20,440 17,526 Factory Overhead 35.052

FINANCIAL ACCOUNTING
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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What is the cost per equivalent unit for conversion cost using FIFO? Lezdodis corporation manufactures a product in three departments. department are: Work Data related to the second in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 Units transferred to Dep't 3 Work in process, end (60% material, 1,000 u 30% conversion cost) Production costs: 4,600 u 5,000 u Work in process, beg Cost from Dep't 1 Direct Materials P34,842 70,380 20,440 17,526 35,052 Direct labor Factory Overhead
Transcribed Image Text:What is the cost per equivalent unit for conversion cost using FIFO? Lezdodis corporation manufactures a product in three departments. department are: Work Data related to the second in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 Units transferred to Dep't 3 Work in process, end (60% material, 1,000 u 30% conversion cost) Production costs: 4,600 u 5,000 u Work in process, beg Cost from Dep't 1 Direct Materials P34,842 70,380 20,440 17,526 35,052 Direct labor Factory Overhead
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