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PLEASE HELP ME Assume a company uses the weight-average method in its process costing. Its Work in Process T-account for the Refining Department for August
PLEASE HELP ME
Assume a company uses the weight-average method in its process costing. Its Work in Process T-account for the Refining Department for August is: The August 1 work in process inventory consisted of 6,000 units with $37,000 in materials cost and $25,000 in conversion cost. The August 1 work in process inventory was 100% complete with respect to materials and 40% complote with respect to conversion. During August 48,000 units were started Into production. The August 31 work in process inventory consisted of 8,000 units that were 100% with respect to materials and 60% complete with respect to conversion. The cost per equivalent unit for materials is closest to: Multiple Cholce $9.23. $8,43. $6.43. $7.73 Step by Step Solution
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