16-15 - 1615 1631 (continued) (2) Assets = Liabilities +...

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Unformatted text preview: 1615 1631 (continued) (2) Assets = Liabilities + Stockholders' Equity GoodsinProcess Inventory Finished Goods Inventory Bal $71,328a -- 54,560 +$54,560 Bal $16,768 a$7 ,508 from February + $63,820 from March 1632 (1) ERIC INDUSTRIES Process Cost Sheet (July) Equivalent Units Equivalent Equivalent Physical units for units for units direct materials conversion Completed and transferred 800 800 800 Ending GIP inventory (30% processed) 300 300 90a Total 1 100 1 100 890 , , a300 x 30% Average Costs per Equivalent Unit Costs Average Costs in added costs per beginning + during = Total costs Equivalent equivalent inventory July accumulated units unit Direct materials $41,500 $ 77 ,300 $118,800 1 100 = $108 , Conversion 10,430 24,280 34,710 890 = 39 Total $51 ,930 $101 ,580 $153,510 ...
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This homework help was uploaded on 04/08/2008 for the course ACC 102 taught by Professor Drucker during the Fall '07 term at Coastal Carolina University.

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