Question
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units Material
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process):
| Units | Material Costs | |||
| Beginning work in process | 70,000 | $ | 39,000 | |
| Started in May | 260,000 | 102,000 | ||
| Units completed | 230,000 | |||
| Ending work in process | 100,000 | |||
|
| ||||
Required:
Compute the cost per equivalent unit for materials using the FIFO method.(Round "Cost per equivalent unit" answer to 2 decimal places.)
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Knowledge Assets And Knowledge Audits Working Methods For Knowledge Management
Authors: Pawan Handa, Jean Pagani, Denise Bedford
1st Edition
1789737745, 978-1789737745
