Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. materials are added at the beginning of the produc

Materials are added at the beginning of the production process at Campo Company. The following...

80.2K

Verified Solution

Question

Accounting

Materials are added at the beginning of the production process at Campo Company. The following information on the physical flow of units is available for the month of November:

Beginning work in process (50% complete) 60,000
Started in November 570,000
Completed in November and transferred out 520,000
Ending work in process (60% complete) 110,000

Cost data for November show the following:

Beginning WIP inventory
Direct materials costs $ 32,300
Conversion costs 42,700
Current period costs
Direct materials costs $ 330,950
Conversion costs 1,269,550

Required:

a. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method.

b. Compute the cost per equivalent unit for materials and conversion costs for November. (Round your answers to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

  In games of the KENO or LOTTO style, the bettor selects numbers from a fixed set....

Biology
1.2K views

Cystic fibrosis is a disease that affects the ability of cells to move sodium across...

Biology
1.2K views

Ureteral is the adjective form for the urethra. True / FalseDuring fertilization, many spermatozoa may...

Physics
1.2K views

experiences a force of 4 x 10 N Calculate the charge present on Two electrons...

Calculus
1.2K views

5 12 Consider the rational function r x Evaluate the local behavior As x 1...

Accounting
1.2K views

Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized,...

Accounting
1.2K views

Vernon Medical Equipment Company makes a blood pressure...

Accounting
1.2K views

Can I have a simple, clear , correct answer to Q 14 and 15 plz...

Accounting
1.2K views

What are the 5 characteristics of an Active Listener

Accounting
1.2K views

Decision on Accepting Additional Business Down Home Jeans Co. has an annual plant capacity of...

Accounting
1.2K views

plz solve step by step PROBLEMS Q1. Manufacturing sole trader. Kimeu retired from Jambo...

Finance
1.2K views

Please male sure the answer is correct and explain how you got it, thanks! ...