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Home Q & A Board Other Fields Homework Help Business Accounting
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Neptunesx101x Neptunesx101x
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A year ago
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.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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diana72gdiana72g
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A year ago
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