Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for
Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November Beginning work in process (50% complete) Started in November Completed in November and transferred out Ending work in process (60% complete) 49,000 570,000 535,000 84,000 Cost data for November show the following: $ Beginning WIP inventory Direct materials costs Conversion costs Current period costs Direct materials costs Conversion costs 28,300 55,700 $ 360,950 1,099,550 Required: a. Compute the equivalent units for the conversion cost calculation assuming Campo uses the weighted average method. Equivalent units b. Compute the cost per equivalent unit for materials and conversion costs for November. (Round your answers to 2 decimal places.) Cost Per Equivalent Units Materials Conversion costs
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started