Question
The following information pertains to the Davenport plant for the month of May (all materials are added at the beginning of the process). Units Material
| The following information pertains to the Davenport plant for the month of May (all materials are added at the beginning of the process). |
| Units | Material Costs | |||
| Beginning work in process | 270,000 | $ | 99,000 | |
| Started in May | 720,000 | 316,800 | ||
| Units completed | 765,000 | |||
| Ending work in process | 225,000 |
| Required: |
| Compute the cost per equivalent unit for materials using the FIFO method.(Round your answer to 2 decimal places.) |
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
