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Frost,IncIs a Service Firm That Uses Process Costing

question 21

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Frost,Inc.is a service firm that uses process costing.The firm worked on a total of 1,600 cases this month,800 of which were completed during the period.The remaining cases were 40% complete.The firm incurred $180,000 in direct labor and manufacturing overhead costs during the period,and had $4,800 in direct labor and manufacturing costs in beginning inventory.Using the weighted average method,what was total cost per equivalent unit?

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Definitions:

Dual-in-line Package

A standard electronic device package with a rectangular housing and two parallel rows of electrical connecting pins.

Installation

The process of setting up equipment, software, or a system for operation.

Latching Relay

A relay that maintains a given position by mechanical or electrical means until released mechanically or electrically.

Retentive

Describes a feature in control systems that allows the retention of variable values or program states after a stop or power loss.

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