The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is $292,200. The conversion cost for the period in the Filling Department is $278,300. The total equivalent units for direct materials and conversion are 48,700 ounces and 50,600 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent.

The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is $292,200. The conversion cost for the period in the Filling Department is $278,300. The total equivalent units for direct materials and conversion are 48,700 ounces and 50,600 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent.

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Description: The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is $292,200. The conversion cost for the period in the Filling Department is $278,300. The total equivalent units for direct materials and conversion are 48

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5BE: The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000....

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