Weighted Average Method: cost per equivalent unit
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See attached Excel file.
Used the attached information for the month of January to calculate the cost per equivalent unit in process for conversion costs using the weighted average method.
Materials are added at the beginning of the process.
Carry out 4 decimal places.
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Solution Summary
The solution explains how to calculate the cost per equivalent unit using the weighted average method.
Solution Preview
Please see the attachment.
Quantities Physical Units Equivalent Units
Material Conversion
Units to be accounted for
Work in Process, Beginning ...
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