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right answer please Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of
right answer please
Ending WIP 40% complete materials / 50% complete for conversion is 10,000 units Cost of materials in WIP is $8,000 Cost of Conversion in WIP is $10,000 Units Started in month was 120,000 Conversion costs added during month $250,000 Material costs added during month was $210,000 Beginning WIP 70% complete materials / 60% complete for conversion is 5,000 units Cost of materials in WIP is $4,000 Cost of Conversion in WIP is $5,500 Compute the cost per unit in good report format for the month, using the weighted average method. Answer to last week's assignment Number of units transferred Units in ending WIP Equivalent units Materials 115,000 4,000 119,000 Conversion 115,000 5.000 120,000 Costs Costs in Beg WIP Costs added during period Total Costs 4,000 210.000 214,000 5,500 250.000 255,500 Cost per Unit 1.7983... 2.1292... Conversion costs added during month $250,000 Material costs added during month was $210,000 Beginning WIP 70% complete materials / 60% complete for conversion is 5,000 units Cost of materials in WIP is $4,000 Cost of Conversion in WIP is $5,500 Compute the cost per unit in good report format for the month, using the weighted average method. Answer to last week's assignment Number of units transferred Units in ending WIP Equivalent units Materials 115,000 4,000 119,000 Conversion 115,000 5,000 120,000 Costs Costs in Beg WIP Costs added during period Total Costs 4,000 210,000 214,000 5,500 250,000 255,500 Cost per Unit 1.7983... 2.1292... Required: On the back of this page, calculate the cost per unit using the FIFO methodStep by Step Solution
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