{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:12:45-04:00", "answer_date": "2024-06-29 01:12:45", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4435931", "url": "\/study-help\/questions\/a-new-company-is-going-to-use-process-costing-to-4435931", "question_creation_date_js": "2024-06-29T01:12:45-04:00", "question_creation_date": "Jun 29, 2024 01:12 AM", "meta_title": "[Solved] a new company is going to use process cos | SolutionInn", "meta_description": "Answer of - a new company is going to use process costing to calculate the cost of its products. The following information has bee | SolutionInn", "meta_keywords": "new,company,process,costing,cost,products,information,accumulated,equivalent,units,materials,conversion", "question_title_h1": "a new company is going to use process costing to calculate the cost of its products. The following information has been accumulated: Equivalent Units Materials", "question_title": "a new company is going to use process costing to calculate the", "question_title_for_js_snippet": "a new company is going to use process costing to calculate the cost of its products The following information has been accumulated Equivalent Units Materials Conversion To complete beginning work in process 100 200 Units started and complated 10,000 10,000 Ending work in process 1,800 1,200 Cost in beginning work in process $2,000 $3,000 Cost added during the period $34,748 $253,088 What is the equivalent ost per unitt for material using the first in, first out (FIFO) method $3 11 $2 97 $2 92 $3 09", "question_description": "
a new company is going to use process costing to calculate the cost of its products. The following<\/td><\/tr>
information has been accumulated:<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
Equivalent Units<\/td> <\/td> <\/td> <\/td> Materials<\/td> Conversion<\/td> <\/td> <\/td> <\/tr>
To complete beginning work in process<\/td> 100<\/td> 200<\/td> <\/td> <\/td> <\/td> <\/tr>
Units started and complated<\/td> <\/td> 10,000<\/td> 10,000<\/td> <\/td> <\/td> <\/td> <\/tr>
Ending work in process<\/td> <\/td> <\/td> 1,800<\/td> 1,200<\/td> <\/td> <\/td> <\/td> <\/tr>
Cost in beginning work in process<\/td> <\/td> $2,000<\/td> $3,000<\/td> <\/td> <\/td> <\/td> <\/tr>
Cost added during the period<\/td> <\/td> $34,748<\/td> $253,088<\/td> <\/td> <\/td> <\/td> <\/tr>
<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
What is the equivalent ost per unitt for material using the first in, first out (FIFO) method?<\/td><\/tr>
<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
$3.11<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
$2.97<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
$2.92<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
$3.09<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr>
<\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/td> <\/tr> <\/tbody><\/table><\/figure>", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "470964731, 978-0470964736, 978-0470161012", "edition": "9th Canadian Edition, Volume 2", "authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516", "see_more_uri": "" }, "free_related_book": { "isbn": "1473823935", "uri": "\/textbooks\/british-railways-in-the-1960s-southern-region-1st-edition-9781473823938-9781473869769", "name": "British Railways In The 1960s Southern Region", "edition": "1st Edition" }, "question_posted": "2024-06-29 01:12:45", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/youngs-modulus-and-poissons-ratio-a-cubic-crystal-is-subject", "description": "Youngs modulus and Poissons ratio A cubic crystal is subject to tension in the [100] direction. 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