Esty Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$5,800 50% Conversion costs$6,500 30% A total of 7,700 units were started and 6,600 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs$85,300 Conversion costs$168,000 The ending inventory was 70% complete with respect to materials and 10% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first
processing department is closest to:
A. $11.49
B. $10.72
C. $10.76
D. $10.04
Answer: A
You might also like to view...
An ethical sales manager should set realistic and obtainable goals.
Answer the following statement true (T) or false (F)
Long-term creditors are usually most interested in evaluating:
A. Profitability. B. Solvency. C. Managerial effectiveness. D. Liquidity.
A computer dealer determines customer satisfaction of recent computer buyers on the basis of questionnaires mailed to recent customers
These questionnaires cover all aspects of the transaction from the first encounter with a salesperson to initial quality of the computer to satisfaction with any servicing the computer might require. The survey involves _____. a. coordinated effort b. the total retail experience c. long-run planning d. relationship retailing
Even in a full-scale market test, the firm is testing only the product, not the whole marketing mix.
Answer the following statement true (T) or false (F)