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Compute the cost per equivalent unit for materials

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Reference no: EM131802416

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.

Reference no: EM131802416

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