# ! Required information [The following information applies to the questions displayed below.] Pacific Ink had beginning...

! Required information [The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $748,960 on October 1. Of this amount,$306,920 was the cost of direct materials and $442,040 was the cost of conversion. The 50,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs. During October, 106,000 units were transferred out and 32,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to$2,491,000 for direct materials and $3,203,820 for conversion Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs Required B Required A Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method. (Round your answers to 2 decimal places.) Cost Per Equivalent Unit Direct materials Conversion costs ## Answers #### Similar Solved Questions 1 answer ##### How do you write an equation in point slope and slope intercept form given (1, 2) and (2, 5)? How do you write an equation in point slope and slope intercept form given (1, 2) and (2, 5)?... 1 answer ##### X86 intel assembly language instruction should be used. 3. What this pseudo-code does? And convert it into Assembly. prime( 1):2: prime[2] :3: {first prime number} {second prime number) candidat... x86 intel assembly language instruction should be used. 3. What this pseudo-code does? And convert it into Assembly. prime( 1):2: prime[2] :3: {first prime number} {second prime number) candidate-5 (first candidate for a new prime number) while primeCount< 100 loop ndex:1 while (index < prim... 1 answer ##### QUESTION 4 Benzoic acid, salicylic acid, and acetyl salicylic acid have a functional group called Phenol... QUESTION 4 Benzoic acid, salicylic acid, and acetyl salicylic acid have a functional group called Phenol and salicylic acid have a functional group called Acetyl salicylic acid is the only compound with an QUESTION 5 If 1.57 g of salicylic acid (MW = 138.121 g/mol) and 6.9 mL of acetic anhydride (MW... 1 answer ##### Don James purchased a new automobile for$28,000. Don made a cash down payment of $7,000... Don James purchased a new automobile for$28,000. Don made a cash down payment of $7,000 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase. Financing is available at a 24% annual interest rate. (FV of$1, PV of $1, FVA of$1, PVA of $1,... 1 answer ##### On 2 of 23 If a solid line represents a covalent bond and a dotted line... on 2 of 23 If a solid line represents a covalent bond and a dotted line represents intermolecular attraction, which of the choices shows a hydrogen bond? H-H H,N.H-O-H H,0H-CH HC.H-F... 1 answer ##### A study was carried out to estimate the average GPA (μ) of undergraduates at a universtiy.... A study was carried out to estimate the average GPA (μ) of undergraduates at a universtiy. Assume that the standard deviation sigma (σ) of their GPA is 0.30. From a random sample of students, researcher finds (3.30, 3.60) to be a 87% confidence interval for the average GPA. What was the res... 1 answer ##### In this discussion, explain why inherent risk is set for audit objectives for segments (classes o... In this discussion, explain why inherent risk is set for audit objectives for segments (classes of transactions, balances, and presentation and disclosure) rather than for the overall audit. What is the effect on the amount of evidence the auditor must accumulate when inherent risk changes from medi... 1 answer ##### Solve the equation. O 18 क) O (E)- O y= +/- - 10 Solve the equation. O 18 क) O (E)- O y= +/- - 10... 1 answer ##### What amount can you borrow if you make seven semiannual payments of$5,000 at an 8%...
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