Question
Exercise 8-29 (Static) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) The following information pertains to the Moline Facility for the month of May
Exercise 8-29 (Static) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5)
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process):
| Units | Material Costs | |||
| Beginning work in process | 54,000 | $ | 148,500 | |
| Started in May | 144,000 | 475,200 | ||
| Units completed | 153,000 | |||
| Ending work in process | 45,000 | |||
Required:
Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.)
Exercise 8-29 (Static) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5)
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process):
| Units | Material Costs | |||
| Beginning work in process | 54,000 | $ | 148,500 | |
| Started in May | 144,000 | 475,200 | ||
| Units completed | 153,000 | |||
| Ending work in process | 45,000 | |||
Required:
Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.)
|
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Accounting A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
7th Edition
0075615851, 978-0075615859
