33. Direct materials are added uniformly throughout a process. Direct materials cost per equivalent unit...
90.2K
Verified Solution
Link Copied!
Question
Accounting
33. Direct materials are added uniformly throughout a process.
Direct materials cost per equivalent unit = $5.12 Completed units = 50,502
6,000 units were 45% complete with respect to direct materials in beginning WIP. 5,000 Units in ending WIP are 75% complete with respect to direct materials.
Using the FIFO method, how much is the direct materials cost of units completed and transferred out?
a- $261,270.24 b- Not enough information. c- $294,570.24 d- $258,570.24
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
