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A coffee company has this info: Note: ingredients are added at the behginning then take 4 days to complete January 3 1 st . 2
A coffee company has this info:
Note: ingredients are added at the behginning then take days to complete
January st:
Work in process: gallons complete with respect to materials and complete with respect to conversion
Work in process: $; Material $gallon and $ conversion
During February:
Material added: gallons or $$gallon
Conversion costs: $
February th:
Work in process: complete with respect to conversion
Using this information,
Required:
Use weighted average process costing to determine:
Finished goods February
Work in process February th
Use FIFO process costing to determine:
Finished goods started in January and finished in February
Finished goods started and ended in February
Work in process February th
Please include calculations for equivalent units and any other calculations
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