According to the companys records the conversion cost in

Reference no: EM13590783

Malaviya Corporation uses the FIFO method in its process-costing system. Operating data for the Casting Department for the month of September appear below:

Units Percent Complete
with Respect to
Conversion
Beginning work in process inventory 17,000 40%
Transferred in from the prior department
during September 72,000
Ending work in process inventory 18,000 30%

According to the company's records, the conversion cost in the beginning work-in-process inventory was $63,104 at the beginning of September. Additional conversion costs of $654,240 were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for September? (Round off to three decimal places.)

Reference no: EM13590783

Questions Cloud

Cadavieco detailings cost formula for its materials and : cadavieco detailings cost formula for its materials and supplies is 1850 per month plus 4 per vehicle. for the month of

Use the account-classification method of cost estimation to : use the account-classification method of cost estimation to classify each of the following cost as variable fixed or

Determine a the temporary book-tax difference for the : ayres services acquired an asset for 80 million in 2011. the asset is depreciated for financial reporting purposes over

How should you evaluate macgivers annual report in light of : macgiver brass is a brass plating firm with sales of 8 million and profits before taxes of 625000. macgiver has a loan

According to the companys records the conversion cost in : malaviya corporation uses the fifo method in its process-costing system. operating data for the casting department for

A company purchased a new truck at a cost of 42000 on july : a company purchased a new truck at a cost of 42000 on july 1 2009. the truck is estimated to have a useful life of 6

Discuss the advantages and disadvantages of using machine : hurst mats manufactures custom replacement floor mats for automobiles. the floor mats are made of spun nylon on highly

General plant overhead consists primarily of the allocated : kitchen rite is considering outsourcing the production of a steel chassis that is used in a kitchen appliance. two

Simple plant manufactures dna test strips manufacturing : simple plant manufactures dna test strips. manufacturing overhead is applied to unit produced using direct labor

User Account

All Pages