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can you please answer this one using FIFO, as soon as possible, please with its formula? thanks! Show the equivalent units for materials and conversion
can you please answer this one using FIFO, as soon as possible, please with its formula? thanks!
Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average. Because most of the parts for its irrigation systerns are standard, Waterways handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding, Cutting, and Welding departments. All items eventually end up in the Packaging Department which prepares items for sale in kits or individually. The following information is available for the Molding department for January. Prepare a production cost report for Waterways using the weighted-average method. (Round unit costs to 2 decimal places, eg 2.25.) Prepare a production cost report for Waterways using the weighted-average method. (Round unit costs to 2 decimal ploces, eg. 225.) Materials Conversion Costs Total I88'SE8 $ 299085 02255Z $ 5/10 $ 835,881 $ 755,112 $ 65727 - 15042 80769 $ 835,881 ost Reconciliation Schedule osts accounted for Completed and transferred out Work in process, Jan. 31 Materials Conversion costs Total costs
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