Question
Beginning inventory (30% complete as to Material B and 60% complete for conversion) 700 units Started this cycle 2,000 units Ending inventory (50% complete as
| Beginning inventory (30% complete as to Material B and 60% complete for conversion) | 700 | units |
| Started this cycle | 2,000 | units |
| Ending inventory (50% complete as to Material B and 80% complete for conversion) | 500 | units |
| Beginning inventory costs: |
|
|
| Material A | $14,270 |
|
| Material B | 5,950 |
|
| Conversion | 5,640 |
|
| Current Period costs: |
|
|
| Material A | $40,000 |
|
| Material B | 70,000 |
|
| Conversion | 98,100 |
|
|
|
|
|
Material A is added at the start of production, while Material B is added uniformly throughout the process. Refer to Saturn Corporation Assuming a FIFO method of process costing, compute EUP units for Materials A and B. Please show calulations!
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