Business, 18.02.2020 22:56 bananaslada

Inacio 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 2,700 Materials costs $14,800 Conversion costs $6,900 Percent complete with respect to materials 75 % Percent complete with respect to conversion 20 % Units started into production during the month 11,400 Units transferred to the next department during the month 10,300 Materials costs added during the month $173,900 Conversion costs added during the month $243,900 Ending work in process inventory: Units in ending work in process inventory 3,800 Percent complete with respect to materials 90 % Percent complete with respect to conversion 30 % The cost per equivalent unit for materials for the month in the first processing department is closest to:.a. $13.17.b. $14.11.c. $12.86.d. $15.12.

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Inacio Corporation uses the weighted-average method in its process costing system. Data concerning t...

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