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Question - Prince Marinades uses process costing. Its Mixing Department had a beginning inventory of 1,000 units that had accumulated conversion costs of $9,800. During the period, the Mixing Department incurred conversion costs of $86,800 and started 6,000 new units. Ending inventory consisted of 1,500 units that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process. Calculate the cost per equivalent unit for conversion costs in the Mixing Department.
(1)Units transferred out=?
(2) Equivalent units=?
(3)Cost per equivalent unit=?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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