FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The above information (picture) concerns production in the Forging Department for November. All direct materials are placed in process at the beginning of production.
What is the Direct Materials Cost Per Equvalent Unit? ________________
What is the Conversion cost per equivalent unit? _____________________
What is the cost of the beginning work in process completed during May? __________________
What is the cost of the ending work in process? ___________________
What is the amount of the costs transfered to Finished Goods (or the next department)? _____________________
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