A company uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of...
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Accounting
A company uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of 50,000 units, 3/4 complete with respect to direct labor and overhead. The department started and finished 127,500 units this period.
The ending inventory consists of 40,000 units that are1/4 complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24,000 and overhead costs of $32,000 for the period. The direct labor cost per equivalent unit is: A) $0.126. B) $0.160. C) $0.178. D) $0.295. E) $0.373.
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