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The following information is available to prepare a process cost summary report: completed and transferred out 80,000 units; ending WIP 20,000 units. The status of
The following information is available to prepare a process cost summary report: completed and transferred out 80,000 units; ending WIP 20,000 units. The status of the ending WIP inventory is: direct materials 100% complete; conversion 65% complete. Total material production costs were: beginning WIP $ 40,000; costs incurred this periods $ 90,000. Compute the material cost per EUP.
Multiple Choice: $ 2.35 per material EUP, $ 2.00 per material EUP, $ 1.40 per material EUP, $ 1.30 per material EUP, $ 1.81 per material EUP.
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