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4 6.66 paints eBook Print Exercise 4A-9 (Algo) Equivalent Units; Equivalent Units of Production; Assigning Costs-FIFO Method [LO4-6, LO4-7, LO4-8] Jarvene Corporation uses the FIFO
4 6.66 paints eBook Print Exercise 4A-9 (Algo) Equivalent Units; Equivalent Units of Production; Assigning Costs-FIFO Method [LO4-6, LO4-7, LO4-8] Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments Units in beginning Inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory Percentage completion of ending Inventory 380 4,320 320 4,380 Haterials Conversion 70% 70% 30% 30% References The cost of beginning inventory according to the company's costing system was $7.885 of which $4,814 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178.410. The costs per equivalent unit for the month were Cost per equivalent unit Required: Materials $23.00 1. Compute the total cost per equivalent unit for the month 2. Compute the equivalent units of material and conversion in the ending inventory 3 Compute the equivalent units of material and conversion that were required to complete the beginning inventory 4. Compute the number of units started and completed during the month 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month, 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the total cost per equivalent unit for the month: (Round your answer to 2 decimal places.) Total cost per equivalent unit Required 2> 4 666 points eBook Prim References Exercise 4A-9 (Algo) Equivalent Units; Equivalent Units of Production; Assigning Costs-FIFO Method [LO4-6, LO4-7, LO4-8] Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory Percentage completion of ending inventory 380 4,320 320 4,300 Materials 70% 70% Conversion 30% 30% The cost of beginning inventory according to the company's costing system was $7.885 of which $4,814 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178,410. The costs per equivalent unit for the month were Cost per equivalent unit Required: Materials $10.00 $23.00 1. Compute the total cost per equivalent unit for the month 2. Compute the equivalent units of material and conversion in the ending inventory 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the equivalent units of material and conversion in the'ending inventory. Materials Equivalent units Conversion 4 Book Print Exercise 4A-9 (Algo) Equivalent Units; Equivalent Units of Production; Assigning Costs-FIFO Method [LO4-6, LO4-7, LO4-8] Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory 380 4,320 320 4,380 Materials Conversion 30% 30% erences Percentage completion of ending inventory 70% 70% The cost of beginning inventory according to the company's costing system was $7,885 of which $4,814 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178.410. The costs per equivalent unit for the month were: Cost per equivalent unit Required: Materials $18.00 Conversion $23.00 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory, 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the equivalent units of material and conversion that were required to complete the beginning inventory. Materials Equivalent units Conversion 4 6.66 points eBook Print References Exercise 4A-9 (Algo) Equivalent Units; Equivalent Units of Production; Assigning Costs-FIFO Method [LO4-6, LO4-7, LO4-8] Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory Percentage completion of ending Inventory 380 4,320 320 4.380 Haterials Conversion 70% 70% 30% 30% The cost of beginning inventory according to the company's costing system was $7,885 of which $4,814 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178.410. The costs per equivalent unit for the month were Materials Conversion $10.00 $23.00 Cost per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month 2. Compute the equivalent units of material and conversion in the ending inventory 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 31 Required 4 Required 5 Required 6 Compute the number of units started and completed during the month. Number of units started and completed Required 3 Required 5> Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory 380 4,320 320 4,380 Materials 70% 70% Conversion 30% 30% Percentage completion of ending Inventory The cost of beginning inventory according to the company's costing system was $7,885 of which $4,814 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178.410. The costs per equivalent unit for the month were: Cost per equivalent unit Required: Materials $18.00 Conversion $23.00 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory 4 6.66 points elook 10 Print References Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments Units in beginning Inventory Units started into production Units in ending inventory Units transferred to the next department Percentage completion of beginning inventory Percentage completion of ending Inventory 360 4,320 320 4,300 Haterials Conversion 70% 30% 30% The cost of beginning inventory according to the company's costing system was $7.885 of which $4,814 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178.410. The costs per equivalent unit for the month were Cost per equivalent unit Required: Materials $10.00 Conversion $23.00 1. Compute the total cost per equivalent unit for the month 2. Compute the equivalent units of material and conversion in the ending inventory 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory 4. Compute the number of units started and completed during the month 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Retired 6 Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Total cost of units transferred out Materials Conversion Total
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