Question
Donald Product uses the weighted-average method of process costing. The following information was available for the current year Number of units Production Costs Beginning work-in-process
Donald Product uses the weighted-average method of process costing. The following information was available for the current year
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| Number of units |
| Production Costs |
| Beginning work-in-process (80% complete) | 100,000 |
| $1,291,000 |
| Current period production | 1,500,000 |
| 8,979,000 |
| Ending work-in-process (60% complete) | 50,000 |
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Required:
| A. | How many total equivalent finished units were completed during the year? |
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| B. | What was the cost per equivalent unit? |
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| C. | What is the cost allocated to the ending work-in-process units? |
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The Future Of Auditing
Authors: David Hay
1st Edition
1138477087, 9781138477087
