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(36 Pts) Brewer Corporation, has the following information for August Beginning Work in Process Inventory (70% complete as to conversion) Started 6,000 units 24,000 units
(36 Pts) Brewer Corporation, has the following information for August Beginning Work in Process Inventory (70% complete as to conversion) Started 6,000 units 24,000 units Ending Work in Process Inventory 8,500 units (10% complete as to conversion) Beginning WIP Inventory Costs: Material Conversion Current Period Costs: Material Conversion $23,400 50,607 $31,500 76,956 All material is added at the start of the process and all finished products are transferred out. a.Using a Weighted Average Cost flow, what are Equivalent Units of Production for materials? (5 Pts.) b. Using a Weighted Average, what is the Cost/unit for Materials? (4 Pts) c. Using a Weighted Average Cost flow, what is the Cost of Ending WIP? (5 Pts.) d. Using a FIFO Cost flow what are Englantie of Dendriti Material Conversion $31,500 76,956 All material is added at the start of the process and all finished products are transferred out. a.Using a Weighted Average Cost flow, what are Equivalent Units of Production for materials? (5 Pts.) b. Using a Weighted Average, what is the Cost/unit for Materials? (4 Pts) c. Using a Weighted Average Cost flow, what is the Cost of Ending WIP? (5 Pts.) d. Using a FIFO Cost flow, what are Equivalent Units of Production for Conversion costs? (7 Pts.) e.Using a FIFO cost flow, what is the Cost/unit for Conversion? (4 Pts.) f. Using a FIFO Cost flow, what are Costs Transferred Out for Conversion? (8 Pts.)
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