FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The cost per equivalent unit for materials for the month in the first processing department is closest to:
Multiple Choice
$14.80
$14.73
$15.92
$13.69
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Transcribed Image Text:The cost per equivalent unit for materials for the month in the first processing department is closest to: Multiple Choice $14.80 $14.73 $15.92 $13.69
Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing
department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
Materials costs
Conversion costs
Percent complete with respect to materials
Percent complete with respect to conversion
Units started into production during the month
Units transferred to the next department during the month
Materials costs added during the month
500
$ 7,800
$ 9,100
85%
55%
7,000
6,100
$ 102,700
$184,400
Conversion costs added during the month
Ending work in process inventory:
Units in ending work in process inventory
Percent complete with respect to materials
Percent complete with respect to conversion
The cost per equivalent unit for materials for the month in the first processing department is closest to:
1,400
60%
50%
expand button
Transcribed Image Text:Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month 500 $ 7,800 $ 9,100 85% 55% 7,000 6,100 $ 102,700 $184,400 Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion The cost per equivalent unit for materials for the month in the first processing department is closest to: 1,400 60% 50%
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