Materials are added at the beginning of the production process at Campo Company. The following...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of Novembe Beginning work in process (40% complete) Started in November Completed in November and transferred out Ending work in process (60% complete) 51.000 580.000 555 000 76.000 Cost data for November show the following: $ 31.300 57.700 Beginning WIP Inventory Direct materials costs Conversion costs Current period costs Direct materials costs Conversion costs $ 370,950 1.169 550 Required: a. Compute the equivalent units for the conversion cost calculation assuming Campo uses the weighted average method Equivalent units 99 000 b. Compute the cost per equivalent unit for materials and conversion costs for November (Round your answers to 2 decimal places.) Cost Per Equivalent Units S 631,000.00 $ 600,600 00 Materials Conversion costs
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!
