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Anna007 [38]
3 years ago
8

In the current period, Forward Co. started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units i

n process that are 42% complete. If Forward Co. incurred production costs of $34,980, what was Forward's cost per equivalent unit for the period
Business
1 answer:
____ [38]3 years ago
4 0

Answer:

$2.51 per unit

Explanation:

The computation of the cost per equivalent unit is shown below:

But before that the equivalent units is to be computed

Equivalent units = units completed + equivalents units in ending inventory

= 8,400 units + (13,200 units × 42%)

= 13,944 units

Now

Cost per equivalent unit = cost incurred ÷ equivalent units

= $34,980 ÷ 13,944  units

= $2.51 per unit

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Answer:

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Explanation:

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To find the PV using a financial calculator:

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2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

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