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Below is the FIFO Production Cost Report for Mauri's Dinosaur Catchers for the Month ended March 3 1 . MDC makes plastic Dinosaur toys that

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Below is the FIFO Production Cost Report for Mauri's Dinosaur Catchers for the Month ended March 31. MDC makes plastic
Dinosaur toys that catch plastic balls in their mouths. At the end of March, there were 1,200 units in production that were
complete as to raw materials but only 25% complete as to conversion costs. During April, the company started 5,200 more units
and completed and transferred 5,400 to finished goods inventory.
Costs from the April general ledger indicate the following:
Direct materials $ 12,500 Note: You start working on row 75.
Direct Labor $ 6,050
Factory overehead $ 10,000
The units in ending inventory at the end of April were 80% complete as to direct materials and 25% complete as to conversion costs.
Requirement 1: prepare the Production Cost Report on the FIFO basis for April.
Requirement 2: compute the per-unit cost of finished goods transferred out for the month of April, rounded to the nearest penny.
Beginning work-in-process % completed in
prior month
% left to complete EUs
Direct Materials 100%8000%-
Conversion Costs 80%20%160
Units started and completed % complete EUs
Direct Materials 3,000100%3,000
Conversion Costs 100%3,000
Units started but not completed % completed
Direct Materials 1,200100%1,200
Conversion Costs 25%300
Mauri's Dinosaur Catchers
Production Cost Report
Month Ended March 31
Equivalent Units
Physical Direct Conversion
UNITS Units Materials Costs
Units to account for:
Beginning work-in-process 800
Started in production 4,200
Total units to account for 5,000
Units accounted for:
Beginning work-in-process 800-160
Started and completed 3,0003,0003,000
Total units transferred to storeroom 3,8003,0003,160
Ending work-in-process 1,2001,200300
Total units accounted for 5,0004,2003,460
Direct Conversion Total
COSTS Materials Costs Costs
Costs to account for:
Beginning work-in-process $ 1,200 $ 1,600 $ 2,800
Costs added during the period $ 8,400 $ 9,688 $ 18,088
Total costs to account for $ 9,600.00 $ 11,288.00 $ 20,888
Costs added during current period $ 8,400 $ 9,688
Divided by: Total EUP 4,2003,460
Cost per equivalent unit $ 2.00 $ 2.80
Costs accounted for:
Beginning work-in-process $ 1,200 $ 1,600 $ 2,800
Costs to complete $ - $ 448 $ 448
Cost of work-in-process completed $ 1,200 $ 2,048 $ 3,248
Started and completed $ 6,000 $ 8,400 $ 14,400
Transferred to storeroom $ 7,200 $ 10,448 $ 17,648
Ending work-in-process $ 2,400 $ 840 $ 3,240
Total costs accounted for $ 9,600 $ 11,288 $ 20,888
Cost of goods finished and transferred out $ 17,648
# of units transferred to Finished Goods 3,800
Cost per unit $ 4.64
Beginning work-in-process
% completed in
prior month % left to complete EUs
Direct Materials 100%
Conversion Costs 25%
Units started and completed % complete EUs
Direct Materials
Conversion Costs
Units started but not completed % completed
Direct Materials
Conversion Costs
Mauri's Dinosaur Catchers
Production Cost Report
Month Ended April 30
Equivalent Units
Physical Direct Conversion
UNITS Units Materials Costs
Units to account for:
Beginning work-in-process
Started in production
Total units to account for
Units accounted for:
Beginning work-in-process
Started and completed
Total units transferred to storeroom
Ending work-in-process
Total units accounted for
Direct Conversion Total
COSTS Materials Costs Costs
Costs to account for:
Beginning work-in-process
Costs added during the period
Total costs to account for
Costs added during current period
Divided by: Total EUP
Cost per equivalent unit
Costs accounted for:
Beginning work-in-process
Costs to complete
Cost of work-in-process completed
Started and completed
Transferred to storeroom
Ending work-in-process
Total costs accounted for
Cost of goods finished and transferred out
# of units transferred to Finished Goods
Cost per unitBelow is the FIFO Production Cost Report for Mauri's Dinosaur Catchers for the Month ended March 31. MDC makes plastic
Dinosaur toys that catch plastic balls in their mouths. At the end of March, there were 1,200 units in production that were complete
as to raw materials but only 25% complete as to conversion costs. During April, the company started 5,200 more units and
completed and transferred 5,400 to finished qoods inventory.
Costs from the April general ledger indicate the following:
Note: You start yorking on ros
The units in ending inventory at the end of April were 80% complete as to direct materials and 25% complete as to conversion costs.
Requirement 1: prepare the Production Cost Report on the FIFO basis for April.
Requirement 2: compute the per-unit cost of finished qoods transferred out for the month of April, rounded to the nearest penny.
Beginning work-in-process
Direct Materials
Conversion Costs
Units started and completed
Direct Materials
Conversion Costs
Units started but not completed
Direct Materials
Conversion CostsBeqinning work-in-process
Direct Material
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