Question
Hayek Corp uses FIFO method in its process costing. The following data concern the company's mixing department for the month. Work in process, Aug 1
Hayek Corp uses FIFO method in its process costing. The following data concern the company's mixing department for the month.
Work in process, Aug 1 $31,734 materials $30,320 conversion
Cost added to production in Aug $91,332 materials $81,864 conversion
Equivalent units of production Aug 7,740 materials 7,580 conversion
What are the cost per equivalent unit for materials and the cot per equivalent for conversion for the mixing dept for Aug using FIFO?
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Mathematical Statistics With Applications In R
Authors: Chris P. Tsokos, K.M. Ramachandran
2nd Edition
124171133, 978-0124171138
