Thomas Manufacturing produces a chemical pesticide and uses process costing.There are three processing departments-Mixing,Refining,and Packaging.On January 1,the Refining Department had 2000 gallons of partially processed product in production.During January,36,000 gallons were transferred in from the Mixing Department,and 31,000 gallons were completed and transferred out.At the end of the month,there were 7000 gallons of partially processed product remaining in the Refining Department.See additional details below.
Refining Department,beginning balance at January 1

Costs added during January

Refining Department,ending balance at January 31

What was the cost per equivalent unit with respect to direct materials costs for the Refining Department in the month of January? Use the weighted-average method.(Round your calculations to the nearest cent. )

Question

Thomas Manufacturing produces a chemical pesticide and uses process costing.There are three processing departments-Mixing,Refining,and Packaging.On January 1,the Refining Department had 2000 gallons of partially processed product in production.During January,36,000 gallons were transferred in from the Mixing Department,and 31,000 gallons were completed and transferred out.At the end of the month,there were 7000 gallons of partially processed product remaining in the Refining Department.See additional details below.
Refining Department,beginning balance at January 1

Costs added during January

Refining Department,ending balance at January 31

What was the cost per equivalent unit with respect to direct materials costs for the Refining Department in the month of January? Use the weighted-average method.(Round your calculations to the nearest cent. )

Quizplus · Accepted Answer

A)
 11ea86ed_2bd8_7b1a_8b27_23ee27b959af_TB3056_00 11ea86ed_2bd8_7b1b_8b27_fde0649b432d_TB3056_00

Thomas Manufacturing Produces a Chemical Pesticide and Uses Process Costing