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Calculating Cost per Equivalent Unit.
The following information pertains to the Finishing department for the month of June.
Total costs to be accounted for:
Direct Materials: $100,000
Direct Labor: $200,000
Overhead : $300,000
Total equivalent units accounted for:
Direct Materials: 10,000 units
Direct Labor: 8,000 units
Overhead: 8,000 units
Required:
Question 1: Calculate the cost per equivalent unit for direct materials, direct labor, overhead, and in total. Show your calculations.
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