Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9. The following data have been provided by Fattig Corporation, which uses the weighted- average method in its process costing. The data are for the

image text in transcribed
9. The following data have been provided by Fattig Corporation, which uses the weighted- average method in its process costing. The data are for the company's Shaping Department for October. Percent Complete Units Matorials Conversion Work in process, October Units started into production during October Units completed during Oetober and tnd 5596 50% 900 .8,200 te next department. 7,100 2,000 Work in process, October 31 Work in process, October 1 Cost added during October 85% 35% S6,500 $8416 16,900 $19,004 Required: 1. Compute the equivalent units of production for both materials and conversion costs for the Shaping Department for October using the weighted-average method. 2. Compute the cost per equivalent unit for materials and conversion for the Shaping Department in October. Round up to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions