Question
action video, video reproduction company,adds direct materials at the start of the production process and adds conversion costs uniformly throughtout this process. given the following
action video, video reproduction company,adds direct materials at the start of the production process and adds conversion costs uniformly throughtout this process. given the following information from action video's records for October,compute the current period's equivalent costs:
units, beginning inventory $30,000
units, started during period $50,000
units, in ending inventory $15,000
percentage of completion of beginning inventory: 100% direct materials, 60% for conversion costs. percentage of completion of ending inventory : 100% direct materials, 70% for conversion costs
costs equivalent cost
beginning inventory ?
units started ?
total units accounted for ? Direct Materials Conversion costs
beginning inventory ? ?? % ?? %
units started & completed ? ?? % ?? %
ending inventory ? ?? % ?? %
units accounted for ? ?? ??
during the month the company direct materials cost for the current period wa $25,000 and $6,000 for direct labor and $11,000 for conversion cost. Using the equivalent units calculated above, determine the cost per equivalent set using the FIFO methods, the ending inventory and the amount transferred to the nest work in process account
cost per unit
Ending inventory
Transferred to Work in process (step 2)
require: please write down the detailed of calculation of process ( how do you get those numbers)
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