Question
*****Use the following data to answer the next two (2) questions***** Gone Co. uses weighted average process costing. At the end of the period, they
*****Use the following data to answer the next two (2) questions*****
Gone Co. uses weighted average process costing. At the end of the period, they had the following data:
Equivalent units in BI 2,400 Costs in Beginning WIP:
Equivalent units to FG 4,000 DM $2,000
Equivalent units in EI: Conversion $8,000
DM: 1,600 Current costs:
CC: 1,200 DM $6,000
Conversion $3,000
- What is the cost per unit for DM?
ANSWER: __________________(7 PTS.)
- What is the cost per unit for conversion?
ANSWER: __________________(7 PTS.)
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
