Surf's Up Manufactures Surfboards

question 92

Essay

Surf's Up manufactures surfboards. Production has just been completed for May 20xx. The beginning balances in Work in Process Inventory were direct materials costs, $31,400, and conversion costs, $16,400. Cost of direct materials used in March was $394,800, and March's conversion costs were $598,400. A schedule of equivalent production for March has already been prepared. It shows a total of 9,400 equivalent units as to direct materials and 8,800 equivalent units as to conversion costs.
From this information, compute the cost per equivalent unit for May. Use the FIFO costing method.

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Definitions:

Anti-Affirmative Action

Opposition to policies or measures that aim to improve opportunities for historically socio-politically disadvantaged groups.

Cultural Pre-competence

A stage where individuals or organizations start to recognize the lack of understanding or capability in dealing with cultural diversity and begin to seek knowledge.

Stunted Development

A condition often resulting from chronic malnutrition or persistent illness during childhood, leading to impaired growth and cognitive development.

Sincere Efforts

Genuine attempts or actions made with honesty and earnestness, often aimed at achieving a specific goal or resolving a problem.