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Can an expert please answer this problem so that I can check my work. Chapter 6, Problem 43P (1 Bookmark) Show all steps ON Problem
Can an expert please answer this problem so that I can check my work.
Chapter 6, Problem 43P (1 Bookmark) Show all steps ON Problem Weighted-Average Method Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of Februarv: 4,000 trusses $100,000 $150,000 18,000 trusses 17,000 trusses Work-in-process inventory, February 1 Direct materials cost 100% complete Conversion: 20% complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion cost 40% complete Costs incurred during February Direct materials Conversion $59,500 $ 92,250 Required Using the weighted-average method, calculate the following 1. Costs per equivalent unit. 2. Cost of goods completed and transferred out 3. Cost remaining in the ending work-in-process inventory 4. Assume that you are the company's controller. The production department's February unit cost is higher than standard cost. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 40 to 60% to lower the unit costs, what should you do? How much would unit cost be affected by this requestStep by Step Solution
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