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Dairymaid's yogurt goes through two sequential processes in two departments: Fermenting and Packaging. Assume that in the Packaging Department, Step 4 of the process costing
Dairymaid's yogurt goes through two sequential processes in two departments: Fermenting and Packaging. Assume that in the Packaging Department, Step 4 of the process costing procedure indicated the following costs per equivalent unit (cases of yogurt) (Click the icon to view the costs per equivalent unit.) How much did each case of yogurt cost to make from start to finish? If each case sells for $20, what is the gross profit per case? a. How much did each case of yogurt cost to make, from start to finish? (Enter your answer to the nearest cent, $X.XX.) Dairymaid's cost of making each case of yogurt from start to finish is per case. b. If each case sells for $20, what is the gross profit per case? Enter the formula, then compute the gross profit per case. (Enter your answer to the nearest cent, $X.XX.) Gross profit per case A Data Table Direct Materials Transferred-In $ 6.50 Conversion Costs $ 1.25 Cost per equivalent unit $ 1.15 Print Done
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