Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume Eames Company uses a process costing system based on the weighted average method, Eames' accountant produces the following equivalent unit calculations for the month
Assume Eames Company uses a process costing system based on the weighted average method, Eames' accountant produces the following equivalent unit calculations for the month of November www Also assume that the beginning inventory had accumulated $15.500 of materiats and 59,600 of conversion costs in the previous month. During the month of November current costs included $157,460 of materials and 5193,335 of conversion costs Calculate the average cost per equivalent unit for conversion costs for the month of November Select one: o a 50.10 O b. 50.46 C. 58.82 d. 59.32 e 59.78 What do the unit come from? Whete do the waits 2007 Begring Inventory Started Total 2,000 21.000 23.000 Completedranatened 20.000 Ending Inventory 3,000 Total 23.000 % Work Done? 100% 100% Equivalent Units Direct X Work Materials Do? 20.000 100% 3.000 25% 23.000 Conversion Costs 20.000 750 20.750 Assume Eames Company uses a process costing system based on the weighted average method, Eames' accountant produces the following equivalent unit calculations for the month of November www Also assume that the beginning inventory had accumulated $15.500 of materiats and 59,600 of conversion costs in the previous month. During the month of November current costs included $157,460 of materials and 5193,335 of conversion costs Calculate the average cost per equivalent unit for conversion costs for the month of November Select one: o a 50.10 O b. 50.46 C. 58.82 d. 59.32 e 59.78 What do the unit come from? Whete do the waits 2007 Begring Inventory Started Total 2,000 21.000 23.000 Completedranatened 20.000 Ending Inventory 3,000 Total 23.000 % Work Done? 100% 100% Equivalent Units Direct X Work Materials Do? 20.000 100% 3.000 25% 23.000 Conversion Costs 20.000 750 20.750
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started