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17. Dickerson Company uses a process costing system. The following information relates to one month's activity in the company's Mixing Department Conversion Percent Complete 20%
17. Dickerson Company uses a process costing system. The following information relates to one month's activity in the company's Mixing Department Conversion Percent Complete 20% Beginning work-in-process inventory Units started Units completed and transferred out Ending work-in-process inventory Units 10,000 21,000 26,000 5,000 01:1703 80% Book The conversion cost of the beginning inventory was 56,500 During the month. $112.000 in additional conversion cost was incurred. Required: a Assume that the company uses the FIFO method Compute. 1 The equivalent units of production for conversion for the month 2. The cost per equivalent unit for conversion for the month 3. The total cost transferred out during the month 4. The cost assigned to the ending work in process inventory
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