The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $ 510,000.
Question:
The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $ 510,000. The conversion cost for the period in the Rolling Department is $ 81,200. The total equivalent units for direct materials and conversion are 8,500 tons and 8,120 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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