M3-11 (Algo) Calculating Cost per Equivalent Unit (FIFO) [LO 3-4] Cliff Company manufactures file cabinets. The following cost information is available for the month of December: Beginning work in process Direct materials Conversion cost December costs Direct materials Conversion cost $ 77,000 133,000 Required: Cliff had 17,900 equivalent units of direct materials and 12,900 equivalent units of conversion cost. Cost per Equivalent Unit 159,310 237,360 Using the FIFO method, calculate Cliff's cost per equivalent unit for materials and conversion during December. Note: Round your answers to 2 decimal places. Direct Materials Conversion.
M3-11 (Algo) Calculating Cost per Equivalent Unit (FIFO) [LO 3-4] Cliff Company manufactures file cabinets. The following cost information is available for the month of December: Beginning work in process Direct materials Conversion cost December costs Direct materials Conversion cost $ 77,000 133,000 Required: Cliff had 17,900 equivalent units of direct materials and 12,900 equivalent units of conversion cost. Cost per Equivalent Unit 159,310 237,360 Using the FIFO method, calculate Cliff's cost per equivalent unit for materials and conversion during December. Note: Round your answers to 2 decimal places. Direct Materials Conversion.
Chapter5: Process Costing
Section: Chapter Questions
Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...
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