Question
Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $4.00 this period. It had 25,000
Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $4.00 this period. It had 25,000 equivalent units for direct materials. Beginning inventory costs were 25% of current costs. How much were current costs?
A. $55,000
B. $25,000
C $100,000
D $80,000
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
1st Edition
0471169196, 978-0471169192
