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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 58
Unit Cost, Valuing Goods Transferred Out and EWIP
During April, the grinding department of Moriba Inc. completed and transferred out 105,000 units. At the end of April, there were 37,500 in process, 60% complete. Moriba incurred manufacturing costs totaling $1,530,000.
Required:
1. Calculate the unit cost.
2. Calculate the cost of goods transferred out and the cost of EWIP.
During April, the grinding department of Moriba Inc. completed and transferred out 105,000 units. At the end of April, there were 37,500 in process, 60% complete. Moriba incurred manufacturing costs totaling $1,530,000.
Required:
1. Calculate the unit cost.
2. Calculate the cost of goods transferred out and the cost of EWIP.
Explanation
Verified
Verified
(1)
Calculation of the unit cost:
The un...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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