Question
Ready Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Departmentfollows: WIP, April
Ready Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Departmentfollows:
| WIP, April 1 | 14,000 units |
| Transferredminusin costs inWIP, April 1 | $79,940 |
| Direct materials(100%) inWIP, April 1 | $24,420 |
| Conversion costs(75%) inWIP, April 1 | $23,400 |
| Units transferredminusin | 47,000 |
| Transferredminusin costs during April | $550,900 |
| Units completed | 41,000 |
| April direct materials cost | $155,500 |
| April conversion costs | $239,250 |
| WIP, April 30 | 20,000 units |
| (100% for materials and50% for conversioncosts) |
The cost per equivalent unit for conversion costs would be closest to
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Taxation Of Individuals And Business Entities 2019 Edition
Authors: Brian C. Spilker, Benjamin C. Ayers, John Robinson, Edmund Outslay, Ronald G. Worsham, John A. Barrick, Connie Weaver
10th Edition
1259918394, 978-1259918391
