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Business, 17.03.2020 05:43 destineedhuber8301

Parky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department:Units:Beginning Inventory: 26,000 units, 100% complete as to materials and 60% complete as to conversion. Units started and completed: 112,000.Units completed and transferred out: 138,000.Ending Inventory: 30,500 units, 100% complete as to materials and 25% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $44,000.Costs in beginning Work in Process - Conversion: $49,850.Costs incurred in February - Direct Materials: $305,650.Costs incurred in February - Conversion: $600,150.Calculate the cost per equivalent unit of materials.

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Parky Corporation uses the weighted-average method of process costing. The following information is...
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