Business, 17.02.2020 22:28, nawafcanada
Rawlings, Inc. manufactures a product that passes through two processes: mixing and molding. ALL manufacturing costs are added uniformly in the Mixing Department. Information for the Mixing Department for January follows:
Work in process, January 1:
Units (35% complete) 7,500
Direct materials $36,000
Direct labor $45,000
Overhead $15,000
During January, 26,750 units were completed and transferred to the Molding Department. The following costs were incurred by the Mixing Department during January:
Direct materials $133,050
Direct labor $180,000
Overhead (applied) $45,000
There were 3,750 units that were 80 percent complete remaining in Mixing at January 31. What is the total cost per equivalent unit of production in Mixing for January using the FIFO method (round to two decimal places)
Answers: 2
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