Question
A manufacturer uses the weighted average method in its single department processing costing environment to account for product costs. Given the following data for May
A manufacturer uses the weighted average method in its single department processing costing environment to account for product costs. Given the following data for May of the current year, explain how the company would calculate the cost to manufacture one unit of product in April of the current year using only the following data. Answer using only words.
Work in Process on 5.1 | 10,000 units, 100% complete with respect to direct materials, 30% complete with respect to conversion |
Costs in Work in Process on 5.1 | $30,000 in direct material costs and $1,850 in conversion costs |
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