Question
On December 31, Ace Company recorded the following information in the Mixing Departments Work in Process account: Units Cost Beginning balance (80% complete) 4700 $47000
On December 31, Ace Company recorded the following information in the Mixing Departments Work in Process account:
| Units | Cost | ||
|---|---|---|---|
| Beginning balance (80% complete) | 4700 | $47000 | |
| Started into production | 109000 | 551561 | |
| Completed and transferred to Packaging | 94300 | ||
| Ending balance (60% complete) | 19400 |
Assume that the unfinished units in ending inventory are 60% complete for both materials and conversion. What is the cost per equivalent unit ?
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Financial Accounting
Authors: Anne Britton, Chris Waterston
4th Edition
0273703609, 978-0273703600
