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Wildhorse Company reported the following information for the month of April: Work in Process Beginning inventory, April 1 Added to production Completed and transferred out Ending inventory, April 30 Units Work in Process Beginning inventory. April 1 Added to production 4 7,000 41,400 ? 5,000 Ending inventory was 100 % complete with respect to materials and 49% complete with respect to conversion costs. Wildhorse also reported the following cost information in April: Materials $9,440 68,000 Costs Conversion $15,878 107,000

Wildhorse Company reported the following information for the month of April: Work in Process Beginning inventory, April 1 Added to production Completed and transferred out Ending inventory, April 30 Units Work in Process Beginning inventory. April 1 Added to production 4 7,000 41,400 ? 5,000 Ending inventory was 100 % complete with respect to materials and 49% complete with respect to conversion costs. Wildhorse also reported the following cost information in April: Materials $9,440 68,000 Costs Conversion $15,878 107,000

FINANCIAL ACCOUNTING
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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Wildhorse Company reported the following information for the month of April: Work in Process Beginning inventory, April 1 Added to production Completed and transferred out Ending inventory, April 30 Units Work in Process Beginning inventory. April 1 Added to production D 7,000 41,400 ? 5,000 Ending inventory was 100% complete with respect to materials and 49% complete with respect to conversion costs. Wildhorse also reported the following cost information in April: Materials $9,440 68,000 Costs Conversion $15,878 107,000
Transcribed Image Text:Wildhorse Company reported the following information for the month of April: Work in Process Beginning inventory, April 1 Added to production Completed and transferred out Ending inventory, April 30 Units Work in Process Beginning inventory. April 1 Added to production D 7,000 41,400 ? 5,000 Ending inventory was 100% complete with respect to materials and 49% complete with respect to conversion costs. Wildhorse also reported the following cost information in April: Materials $9,440 68,000 Costs Conversion $15,878 107,000
(a) Your answer is correct. What was the cost per equivalent unit for materials? (Round answer to 2 decimal places, e.g. 15.25.) Materials cost per EU $ (b) eTextbook and Media 1.60 What was the cost per equivalent unit for conversion? (Round answer to 2 decimal places, e.g. 15.25.) Conversion cost per EU $ Attempts: 1 of 3 used
Transcribed Image Text:(a) Your answer is correct. What was the cost per equivalent unit for materials? (Round answer to 2 decimal places, e.g. 15.25.) Materials cost per EU $ (b) eTextbook and Media 1.60 What was the cost per equivalent unit for conversion? (Round answer to 2 decimal places, e.g. 15.25.) Conversion cost per EU $ Attempts: 1 of 3 used
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