Question
Hayek Corporation uses the FIFO method in its process costing. The following data concern the company's Mixing Department for the month of August. Work in
Hayek Corporation uses the FIFO method in its process costing. The following data concern the company's Mixing Department for the month of August.
Work in process, August 1. Materials $31,734 Conversion $30,320
Cost added to production in the Mixing
Department during August. Materials $91,332 Conversion $81,864
Equivalent units of production for August Materials 7,740 Conversion 7,580
Required: What are the cost per equivalent unit for materials and the cost per equivalent for conversion for the Mixing Department for August using the FIFO method?
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The Auditory Culture Reader
Authors: Michael Bull, Les Back
2nd Edition
1472569024, 978-1472569028
