ACCOUNTING TEST HELP

1.

2. BOGO Inc. has two sequential processing departments has 2000 units in inventory, 70% complete as to materials. During the month, the roasting departement started 18,000 units. At the end of month, the roasting department had 3,000 units in ending inventory, 80% complete as to materials. Cost information is

Beginning work in process inventory 2,170

direct materials added during the month 27,900

Using the FIFO method compute the roasting departments A) equivalent units of production for materials and B) Cost per equivalent unit of production for materials for the month

2.The production department in a process manufacturing system completed 80,000 units of production and transferred them to finished goods during a recent period. Of these units 24,000 were in process at beginning of the period. the other 56,000 units were started and completed during the period. At period end, 16,000 units were in process compute the departments equivalent units of production with repect to direct materials under each of three seperate assumptions, using the weighted average method, then using the FIFO method

a. All direct materials are added to products when processing begins.

b. Beginning inventory is 40% complete to materials and conversion costs. Ending inventory is 75% complete as to materials and conversion costs

c. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending Inventory is 30% complete as to materials and 60% complete to conversion costs.

Please make two seperate answers for FIFO and weighted average. Thanks!