Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only
Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only
14th Edition
ISBN: 9781337541398
Author: Carl Warren; James M. Reeve; Jonathan Duchac
Publisher: Cengage Learning
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Chapter 13, Problem 4PA
To determine

Prepare the statement of cash flows using the direct method of presenting cash flows from operating activities.

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Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 400 Percent complete with respect to materials 65% Percent complete with respect to conversion 15% Costs in the beginning inventory: Materials cost $1,900 Conversion cost $3,000 Units started into production during the month 14,800 Units completed and transferred out during the month 13,500 Costs added to production during the month: Materials cost $ 77,885 Conversion cost Work in process, ending: $ 25,546 Units in process ? Percent complete with respect to materials 75% Percent complete with respect to conversion 25% What was the cost per equivalent unit for conversion cost?
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