Materials are added at the beginning of the production process at Campo Company. The following...
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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 November:
Beginning work in process (50% complete)
60,000
Started in November
570,000
Completed in November and transferred out
520,000
Ending work in process (60% complete)
110,000
Cost data for November show the following:
Beginning WIP inventory
Direct materials costs
$
32,300
Conversion costs
42,700
Current period costs
Direct materials costs
$
330,950
Conversion costs
1,269,550
Required:
a. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method.
b. Compute the cost per equivalent unit for materials and conversion costs for November. (Round your answers to 2 decimal places.)
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