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Units Material Costs Beginning work in process 80,000 $ 31,000 Started in May 280,000 101,000 Units completed 240,000 Ending work in process 120,000 Required: Compute
| Units | Material Costs | |||
| Beginning work in process | 80,000 | $ | 31,000 | |
| Started in May | 280,000 | 101,000 | ||
| Units completed | 240,000 | |||
| Ending work in process | 120,000 | |||
Required:
Compute the cost per equivalent unit for materials using the weighted-average method. (Round "Cost per equivalent unit" answer to 2 decimal places.)
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Intermediate Accounting
Authors: Fred Skousen, James Stice, Earl Kay Stice
14th Edition
0324013078, 9780324013078
