Bewitch Co. processes its product in three consecutive departments, A, B, and C. The following data re given on the third department's production for June 2016.

Quantity data:

In process, June 1 (4/5 completed)5,000 units

Transferred in22,000 units

In process, June 30 (1/4 incomplete)8,000 units

Cost data:

In process, June 1P 30,610

Transferred in 110,000

Cost added in June

Materials15,750

Labor8,400

Overhead 6,300

Using the FIFO Costing:

1. How much is the cost of the received and completed?

2. What is cost per unit of the completed and transferred?

3. What is the total cost of the units in process June 30?

4. What is the equivalent units of production?

5. What is the total cost added the In process end?

6. Provide the journal entry

Answer rating: 100% (QA)

Answer To calculate the cost of the received and completed units using the FIFO costing method we need to consider the units that were in process on J... View the full answer