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Author Question: Stewart Manufacturing uses a process costing system. Information regarding units processed and ... (Read 42 times)

JimmyJoe

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Stewart Manufacturing uses a process costing system. Information regarding units processed and processing costs for the Packaging Department for the most recent period are given below:

NumberPercentage
of UnitsComplete
Beginning Work in Process Inventory1,20025%
Units started into production10,000
Units completed and transferred out of Packaging9,400
Ending Work in Process Inventory1,80035%

The beginning Work in Process Inventory had processing costs of $10,000. During the month, an additional $290,000 in processing costs were incurred. Materials and conversion costs are incurred at the same rate.

Required:

a.What are the equivalent units for processing costs for the Packaging Department for
the month?
b.What is the cost per equivalent unit for the month? Round to two decimals.


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Marked as best answer by JimmyJoe on Feb 5, 2023

rhhoagland

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JimmyJoe

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


atrochim

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Reply 3 on: Yesterday
Gracias!

 

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