Use the following data from a company using a process costing system to answer the question below. Conversion cost per equivalent unit for materials $2.50 Cost per equivalent unit for conversion $3.75 Beginning inventory costs $1,200 Equivalent units for beginning inventory conversion 2,400 Equivalent Units started and completed for both materials and conversion 10,000 Compute cost of good manufactured A. $10,200 B. $72,700 C. $71,500 D. $62,500

Use the following data from a company using a process costing system to answer the question below. Conversion cost per equivalent unit for materials $2.50 Cost per equivalent unit for conversion $3.75 Beginning inventory costs $1,200 Equivalent units for beginning inventory conversion 2,400 Equivalent Units started and completed for both materials and conversion 10,000 Compute cost of good manufactured A. $10,200 B. $72,700 C. $71,500 D. $62,500

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14EA: A production department within a company received materials of $10,000 and conversion costs of...

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