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Armstrong Trusses inc. manufactures wooden roof support frames used in one specific rool type of residential construction. Direct Materials are added at the beginning of
Armstrong Trusses inc. manufactures wooden roof support frames used in one specific rool type of residential construction. Direct Materials are added at the beginning of the manufacturing process and Conversion Costs are added evenly throughout the process, Management has determined that with respect to conversion costs, beginning and ending inventory is 20%6 and 40% complete, respectively. The following information is for the production of trusses for the month of february: Units competed during February \& Transferred Out 17,000 trusses Costs incurred durina Fahnuan Required: 1) Using the weighted-average method, calculate the following: a. Cost per equivalent unit ( 16 points) b. Cost of goods completed and transferred out ( 12 points) c. Costs assigned to ending inventory ( 12 points) 2) Using the FIFO method, calculate the following: a. Cost per equivalent unit ( 4 points) b. Cost of goods completed and transferred out ( 3 points) c. Costs assigned to ending inventory (3 points) C a docogogile momnorendose Sevarch thet menus (Ait+h) Assignment of costs: \begin{tabular}{lcc|} \hline Completed 8 xfer d out (17,000 units) & $149,770 & (17,000$3,16)+(17,000$5.65) \\ \hline WIP, ending (5,000 units) & $27,100 & (5,000$3,16)+(2,000$5,65) \\ \hline Total costs accounted for & $176,870 & \end{tabular} 1a=$8.811b=$149,77010=$27,100 +Weighted-Average-FIFO. 2x58.342b=$150,3502c=$25.520 + Weighted-Average - FiFO
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