E21-9 Assume that Edy's Grand Ice Cream Co. reports the following data from its FIFO process costing
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E21-9 Assume that Edy's Grand Ice Cream Co. reports the following data from its FIFO process costing system. Insert the missing values.
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Equivalent Units Direct Materials Conversion Costs Flow of Production Units to account for Beginning work in process, March 31. Started in production during April. Total physical units to account for Flow of Physical Units 14.000 67,000 Units accounted for: Completed and transferred out during April From beginning work in process inventory.. 14,000 Started and completed during April 47,000 Ending work in process. April 30. Total physical units accounted for Equivalent units..... *Finished beginning inventory Direct materials: 40% completed during April Conversion costs: 60% completed during April + Started ending inventory Direct materials: 20% completed during April Conversion costs: 50% completed during April 67,000 ******
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Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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