Question
A department uses the FIFO method of process costing. All direct materials are added at the beginning of the process. This department has the following
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A department uses the FIFO method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.
- 181 units in beginning WIP (72% complete with respect to conversion costs).
- 11,682 units started
- 200 units in ending WIP (43% complete with respect to conversion costs).
- $2,302 beginning WIP direct materials costs
- $2,335 beginning WIP conversion costs
- $89,617 current month direct materials costs
- $90,347 current month conversion costs
What is the department's direct material cost per equivalent unit for this month (round final answer to nearest cent if necessary)?
A department uses the FIFO method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.
- 181 units in beginning WIP (72% complete with respect to conversion costs).
- 11,682 units started
- 200 units in ending WIP (43% complete with respect to conversion costs).
- $2,302 beginning WIP direct materials costs
- $2,335 beginning WIP conversion costs
- $89,617 current month direct materials costs
- $90,347 current month conversion costs
What is the department's direct material cost per equivalent unit for this month (round final answer to nearest cent if necessary)?
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
