Company X produces organic fertilizer and uses process costing. At the end of (2004,20,000) Obj. 3 bags

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Company X produces organic fertilizer and uses process costing. At the end of $2004,20,000$

Obj. 3 bags of fertilizer were completed. The total value of these completed units was $\$ 12,000$, of which $\$ 8,000$ constituted conversion costs.

a. What was the cost per equivalent unit for materials?

b. If 10,000 units remained in WIP at the end of the year ( $30 \%$ complete as to direct materials, $40 \%$ complete as to conversion costs), what was the total value of ending WIP?

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Managerial Accounting Information For Decisions

ISBN: 9780324222432

4th Edition

Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill

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Question Posted: Jun 05, 2024 01:04 AM

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Company X produces organic fertilizer and uses process costing. At the end of (2004,20,000) Obj. 3 bags

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Managerial Accounting Information For Decisions

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