Question
422527 = Direct Materials units x Direct Materials Conversion Cost + CC units x CC Cost where $17.60 = total unit cost / the $422,527
422527 = Direct Materials units x Direct Materials Conversion Cost + CC units x CC Cost where $17.60 = total unit cost / the $422,527 is the EWIP using FIFO
the objective is to find the direct material unit cost using FIFO? The ending WIP for DM units was 30380 and 20090 for CC
the answer is D = 6.70
I set it up algebraically and I cannot arrive at that answer. Could you please show me how they arrived at that answer.
P.S.* I know I only posted part of the problem.
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
