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. Chaplin Corporation produces a product that passes through two departments. For October, t following equivalent unit schedule was prepared for the first department: Materials
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Chaplin Corporation produces a product that passes through two departments. For October, t following equivalent unit schedule was prepared for the first department: Materials Conversion Units completed Units ending WIP x % complete Materials (24,000 x 100 percent) Conversion (24,000 x 30 percent) Equivalent units in process 275,000 275,000 24,000 7,200 299,000 282,200 Costs assigned to beginning work-in-process Materials Conversion $77,490 30,304 Manufacturing costs incurred during the month Materials Conversion $75,000 60,000 1. Compute the cost per equivalent unit for October (Round unit costs to 2 decimal places) 2. Determine the cost of goods transferred out. 3. Determine the cost of ending work-in-processStep by Step Solution
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