Problem 7- Average Costing, Unit cost Rason-Ng-Rason Company manufactures Product Dina-Tuto in two-stage production cycle in Departments X and Y and uses the weighted average method. Materials are added at the start of the process in Department Y, Conversion costs for Department Y were 50% complete as to the 6,000 units in the beginning work in process and 75% complete as to the 8,000 units in the ending work in process. Twelve thousand units were completed and transferred out of Department Y in February. An analysis of the costs relating to work in process (WIP) and production activity in Department Y for February is as follows: C O S T Transferred In Materials Labor & FOH P 1,000 P 2,500 5,500 Work in process, February 1, costs Added costs in February The total cost per equivalent unit transferred out for February of Dina-Tuto rounded to the nearest centavo is? P 12,000 29,000 5,000

Problem 7- Average Costing, Unit cost Rason-Ng-Rason Company manufactures Product Dina-Tuto in two-stage production cycle in Departments X and Y and uses the weighted average method. Materials are added at the start of the process in Department Y, Conversion costs for Department Y were 50% complete as to the 6,000 units in the beginning work in process and 75% complete as to the 8,000 units in the ending work in process. Twelve thousand units were completed and transferred out of Department Y in February. An analysis of the costs relating to work in process (WIP) and production activity in Department Y for February is as follows: C O S T Transferred In Materials Labor & FOH P 1,000 P 2,500 5,500 Work in process, February 1, costs Added costs in February The total cost per equivalent unit transferred out for February of Dina-Tuto rounded to the nearest centavo is? P 12,000 29,000 5,000

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Description: Please show your computations using good accounting form through excel. Thank you!Problem: Average costing, unit costThe total cost per equivalent unit transferred out for February of Dina-Tuto rounded to the nearest centavo is? Problem 7- Average Co

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the information given in the image to prepare the Income Statement for March 2022 according to theabsorption costing method.
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can you show work and show how to do it in excel?
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Please do not give solution in image format thanku
Use the information given below to prepare the Income Statement for March 2022 according to theabsorption costing method.
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