Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cliff Company manufactures file cabinets. The following cost information is available for the month of December: Beginning work in process Direct materials $ 42,000 Conversion

Cliff Company manufactures file cabinets. The following cost information is available for the month of December:

Beginning work in process
Direct materials $ 42,000
Conversion cost 53,000
December costs
Direct materials 75,000
Conversion cost 113,000

Cliff had 8,600 equivalent units of direct materials and 5,100 equivalent units of conversion cost. Using the weighted-average method, calculate Cliffs cost per equivalent unit for materials and conversion during December. (Round your answers to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Auditing Of ERP Systems

Authors: Yusufali F. Musaji

1st Edition

0471235180, 978-0471235187

More Books

Students also viewed these Accounting questions

Question

How are beta weights used to construct paths in a path analysis?

Answered: 1 week ago