Question: Refer to E3-4 for information regarding GoFly Company. Required: Complete all requirements for E3'4 using the FIFO method. Data from E3-4 GoFly Company manufactures kites

Refer to E3-4 for information regarding GoFly Company.

Required:

Complete all requirements for E3'4 using the FIFO method.

Data from E3-4

GoFly Company manufactures kites and has the following information available for the month of April:

Work in process, April 1 (100% complete for materials, 40% for conversion)

Work in process, April 1 (100% complete for materials, 40% for conversion) Direct materials Conversion cost Number of units started April costs 26,000 units $ 40,000 $ 55,000 79,000 Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 20% for conversion) $ 113,000 $ 168,000 40,000 units

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