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Beginning work in process 100000 29000 compute the cost

Question - The following information pertains to the Davenport plant for the month of May (all materials are added at the beginning of the process):

Units Material Costs

Beginning work in process 100,000 $ 29,000

Started in May 270,000 106,400

Units completed 255,000

Ending work in process 115,000

Required: Compute the cost per equivalent unit for materials using the FIFO method.

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Accounting Basics: Beginning work in process 100000 29000 compute the cost

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