Accounting - Cost information

Exercice:

Suppose that a product is obtained in a continuous manufacturing process where the materials are entirely incorporated to begin the process of transformation. The beginning inventory of work in process (with built-in 2/3 of its conversion costs) was 3.000 units valued at 22.245 (13.350 for cost of materials and 8.895 for conversion costs). At the end of the analysis period remaining 3.600 units in work in process that had incorporated 75% of their conversion costs. During the period under review, 11.400 units of product A were ended up. These units had received 50.400 in materials and 58.080 in other factors of production. Considering the Weighted Average Cost and FIFO, calculate: a) The equivalent units in each costing method. b) The value of goods completed and the ending work in process

Exercise: Suppose that a product is obtained in a continuous manufacturing process where the materials are entirely incorporated to begin the process of transformation. The beginning inventory of work in process (with built-in 2/3 of its conversion costs) was 3.000 units valued at 22.245 (13.350 for cost of materials and 8.895 for conversion costs). At the end of the analysis period remaining 3.600 units in work in process that had incorporated 75% of their conversion costs. During the period under review, 11.400 units of product A were ended up. These units had received 50.400 in materials and 58.080 in other factors of production. Considering the Weighted Average Cost and FIFO, calculate: a) The equivalent units in each costing method. b) The value of goods completed and the ending work in process