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Use this information about Department F to answer the questions that follow.
Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of the $12,500, $8,000 was for materials and $4,500 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450, and factory overhead was $18,710.
-If the average cost method is used, the materials cost per unit (rounded to the nearest cent) would be
Expected Income
An estimate of the amount of money an individual or entity anticipates earning over a specified period, often used for budgeting or planning purposes.
Tuition
The fee charged for instruction or teaching, typically by a school, college, or university.
Certain Income
A guaranteed or fixed amount of earnings that an individual or entity can expect to receive over a specific time period.
Uncertain Income
Income that is not guaranteed or fixed, often subject to fluctuations due to various factors such as employment status, market conditions, or performance.
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