Maykes Company uses a weighted-average process costing system and started 37,000 units this month. Maykes had 15,000 units that were 20% complete as to conversion costs in beginning work in process inventory and 3,400 units that were 20% complete as to conversion costs in ending work in process inventory.<\/p>
Do not enter dollar signs or commas in the input boxes.<\/u> Round all answers to the nearest whole number.<\/u> a) What are equivalent units of production with respect to conversion costs? <\/p> Answer<\/p> <\/p> <\/td> Answer<\/p> <\/p> <\/td> Answer<\/p> <\/p> <\/td> Answer<\/p> <\/p> <\/td> Answer<\/p> <\/p> <\/td> Answer<\/p> <\/p> <\/td> <\/tr> Answer<\/p> <\/p> %<\/p> <\/td> Answer<\/p> <\/p> %<\/p> <\/td> Answer<\/p> <\/p> <\/td> Answer<\/p> <\/p> <\/td> Answer<\/p> <\/p> <\/td> Answer<\/p> <\/p> <\/td> <\/tr> <\/tbody><\/table><\/figure> b) If the Maykes Company assigned $66,528 of conversion cost to its previous month's ending inventory and incurred an additional conversion cost of $155,232 during this month, compute the cost per equivalent unit with respect to conversion costs. Round the cost per unit to 2 decimal places.<\/u> <\/p> Answer<\/p> <\/p> <\/td> $Answer<\/p> <\/p> <\/td> $Answer<\/p> <\/p> <\/td> $Answer<\/p> <\/p> <\/td> $Answer<\/p> <\/p> <\/td> <\/tr> <\/tbody><\/table><\/figure> <\/p>",
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"edition": "10th Edition",
"authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso",
"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/54.jpg",
"uri": "\/textbooks\/accounting-principles-10th-edition-54",
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"question_posted": "2024-06-29 02:40:35",
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<\/td> Inputs<\/strong><\/td> Outputs<\/strong><\/td> <\/tr> Beginning WIP<\/strong><\/td> Add Current Month<\/strong><\/td> Total Production<\/strong><\/td> Completed Transfer Out<\/strong><\/td> Ending WIP<\/strong><\/td> Total Outputs<\/strong><\/td> <\/tr> Direct Materials Units<\/td> % Equivalent Completed<\/td> <\/td> <\/td> <\/td> <\/td> <\/tr> Conversion Equivalent Units<\/td> <\/td> <\/td>
<\/td> Inputs<\/strong><\/td> Cost of Production per Unit<\/strong><\/td> <\/tr> Beginning WIP<\/strong><\/td> Add Current Month<\/strong><\/td> Total Production Cost<\/strong><\/td> <\/tr> Conversion Units<\/td> <\/td> <\/td> <\/td> <\/tr> Conversion Cost<\/td>