The USA Company manufactures flags in a single process. The following information has been provided by USA Company:
The beginning units still in process are 30% complete with respect to direct materials and 40% complete with respect to conversion costs and had $22,550 of materials costs and $108,725 of conversion costs. The ending units still in process are 45% complete with respect to direct materials and 35% complete with respect to conversion costs.
- Assuming the FIFO method was used, what was the cost per equivalent unit of production for direct materials?

Question

The USA Company manufactures flags in a single process. The following information has been provided by USA Company:
 The beginning units still in process are 30% complete with respect to direct materials and 40% complete with respect to conversion costs and had $22,550 of materials costs and $108,725 of conversion costs. The ending units still in process are 45% complete with respect to direct materials and 35% complete with respect to conversion costs.
- Assuming the FIFO method was used, what was the cost per equivalent unit of production for direct materials?

Quizplus · Accepted Answer

The Answer of The USA Company manufactures flags in a single process. The following information has been provided by USA Company:
 The beginning units still in process are 30% complete with respect to direct materials and 40% complete with respect to conversion costs and had $22,550 of materials costs and $108,725 of conversion costs. The ending units still in process are 45% complete with respect to direct materials and 35% complete with respect to conversion costs.
- Assuming the FIFO method was used, what was the cost per equivalent unit of production for direct materials?

The USA Company Manufactures Flags in a Single Process