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Please help me solve this question, thank you so much! (Please include all steps) Alvis Construction Supply Company has a department that manufactures wood trusses
Please help me solve this question, thank you so much! (Please include all steps)
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Requlred Using the FIFO method, calculate the following: 1-a. Costs per equivalent unit. (Round your answers to 4 declmal pleces.) 1-b. Cost of goods completed and transferred out. (Do no round your Intermedlete caleuletlons. Round your flnal answer to the nearest whole dollar.) 1-c. Costs remaining in the Work-in-Process Inventory account. (Do no round your Intermedlete calculetlons. Round your final answer to the nearest whole doller.) 2. Assume that you are the company's controller. The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 40 to 60% to lower the unit costs, how much would unit cost be affected by this request? (Round your answer to 4 declmal pleces.)Step by Step Solution
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