Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Calculator Unit Cost and Cost Assignment, Nonuniform Inputs Loran-Inc. had the following equivalent units schedule and cost for its fabrication department during September: Materials

image text in transcribed
image text in transcribed
eBook Calculator Unit Cost and Cost Assignment, Nonuniform Inputs Loran-Inc. had the following equivalent units schedule and cost for its fabrication department during September: Materials Conversion Units completed 180,000 180,000 61,000 Add: Units in ending WIP x Fraction complete 35,380 (61,000 x 58%) Equivalent units of output 241,000 215,380 Costs: Work in process, September 1: Materials $147,000 7,875 Conversion costs Total $154,875 Current costs: Materials $1,195,000 Conversion costs 446,425 Total $1,641,425 Required: 1. Calculate the unit cost for materials for conversion, and in total for the fabrication department for September. If required, round your answers to the neare Unit materials cost Unit conversion cost 61.00 51.195.000 3. Dalh of its reserved and Colofono in proces (Previous Next > Seda seesmert for Grading BN

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

Introduction To Actuarial Science

Authors: John James Hardy

1st Edition

1332733697, 978-1332733699

More Books

Students also viewed these Accounting questions