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Question
A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year:Ending Work in Process 5,300 units, 50% complete
Units completed and transferred to finished goods 28,700 units
Direct labor costs during the year $199,300
Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).
Answer
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
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Given the Cool Pools Company data, what is net income using absorption costing?
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