Koa's Fluffy Boas makes a product that passes through two departments. Data for the first department...
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Koa's Fluffy Boas makes a product that passes through two departments. Data for the first department is as follows: WIP-Opening Units Started Units Transferred Costs added Units 40,000 200,000 220,000 Material 2,400,000 20,000,000 Labour 1,600,000 15,000,000 MOH 2,000,000 27,500,000 The WIP-Opening has 60% of its material and 25% of its conversion costs allocated. The WIP Closing has 40% of its material and 20% of its conversion costs allocated. Required: Determine the cost per equivalent units for the period. Worth 5 marks Koa's Fluffy Boas makes a product that passes through two departments. Data for the first department is as follows: WIP-Opening Units Started Units Transferred Costs added Units 40,000 200,000 220,000 Material 2,400,000 20,000,000 Labour 1,600,000 15,000,000 MOH 2,000,000 27,500,000 The WIP-Opening has 60% of its material and 25% of its conversion costs allocated. The WIP Closing has 40% of its material and 20% of its conversion costs allocated. Required: Determine the cost per equivalent units for the period. Worth 5 marks
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Equivalent Units Units Transferred Units in Beginning Inventory x Complete Equivalent ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
Posted Date:
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