chap 4 steps - Cost per EU conversion = (201200) / (177558)...

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FIFO 1. EU = units started * 100%- percent complete + units started and complete (units in production - ending WIP) + ending WIP * percent complete EU materials= (10800) * 100%-(100%) = (0) + (183000) – (19000) = (164000) + (19000) * (100%) = (19000) = (183000) EU conversion= (10800) * 100% - (29% "start WIP %") = (7668) + (183000) – (19000) = (164000) + (19000) * (31%) = (5890) = 177558 2. Cost added during the period / EU = Cost per EU Cost per EU materials = (1364000)/ (183000) = $0.75
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Unformatted text preview: Cost per EU conversion = (201200) / (177558) = $1.13 3. DON'T ROUND cost per EU * EU in ending WIP materials (0.745355) * (19000) = 14162 conversion (1.133151) * (5890) = 6674 14162 + 6674 = 20836 cost in beg WIP 7600 5000 12600.00 Beg WIP (units started * % complete 7668 * Cost per EU 0.745355191 1.133151 8689.001 8689.00 Units started and completed this period 164000 164000 * Cost per EU 0.745355191 1.133151 122238.2514 185836.7 308074.99 + 329363.99...
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This note was uploaded on 02/12/2010 for the course ACCT 2203 taught by Professor Stephengray during the Spring '07 term at Northern Oklahoma College.

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chap 4 steps - Cost per EU conversion = (201200) / (177558)...

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