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Cullumber company completes and transfers out 10,080 units and has 1680 units of ending work in process that are 25% complete as to conversion cost.

Cullumber company completes and transfers out 10,080 units and has 1680 units of ending work in process that are 25% complete as to conversion cost. Materials are entered at the beginning of the process, and theres no beginning work in process. Cullumber uses the FIFO method to compute equivalent units. Assuming you know material cost of $3 and unit conversion cost of $7, what are the costs to be assigned to units (a) completed and transferred out and (b) in ending work in process?image text in transcribed

Cullumber Corr pany completes and transters out 10.080 units and has 1.680 units of ending work in process that are 25% complete as to corversion costs. Materials are entered at the beginning of the process, and there is no beginning work in process. Cullumber ines the FIFO method to compute equivalent units. Assuming unit materials costs of $3 and unit converiion costs of $7, what are the costs to be assigned to units (a) cornpleted and transterred out and (b) in end ing work in process

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