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can someone please explain this problem in detail?step by step? MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 7 GIVEN BEGINNING UNITS UNITS STARTED ENDING UNITS 6,800
can someone please explain this problem in detail?step by step?
MGT 5 - MANAGERIAL ACCOUNTING PROBLEM 7 GIVEN BEGINNING UNITS UNITS STARTED ENDING UNITS 6,800 24,200 3,700 DM = 100% CC = 45% DM 45,000 27,450 187,500 152,133 CC BEGINNING COSTS CURRENT COSTS REQUIRED COMPLETE PROCESS COSTING STEPS 1-4: (WEIGHTED AVG.) BEG START ACCT FOR END T.O. 6,800 24,200 31,000 (3,700) 27,300 EU COSTS BEG CURRENT TOTAL EU $/EU END WIP T.O. DM 3,700 27,300 31,000 DM 45,000 187,500 232,500 31,000 7.50 27,750 204.750 232,500 CC 1,665 27,300 28,965 CC 27,450 152.133 179,583 28,965 6.20 10,323 169 260 179,583Step by Step Solution
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