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English, 19.11.2021 16:20 hi510hello
A company uses process costing to establish the cost per unit of its output.
The following information was available for the last month:
Input units 10,000
Output units 9,850
Total cost: $12,000 for material; $2,000 for conversation (DL + OH)
Opening inventory 300 units, 100% complete for materials and 70% complete for conversion costs Closing inventory 450 units, 100% complete for materials and 30% complete for conversion costs
The company uses the FIFO method of valuing inventory.
+ What were the equivalent units for conversion costs?
+ Equivalent units for material?
please help me, thanks
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A company uses process costing to establish the cost per unit of its output.
The following informa...
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