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Current Attempt in Progress Sunland's is a brand of lotion created specifically for sensitive skin. The company, which goes by the same name, manufactures in
Current Attempt in Progress
Sunland's is a brand of lotion created specifically for sensitive skin. The company, which goes by the same name, manufactures in small
batches so the lotion retains its special qualities. The batch in process on December included units, determined to be
complete as to conversion costs. DM costs had already been added, as all DM is added at the very beginning of processing. During
January, Sunland's started another units, and by January units were completed, leaving units still in process, Units
in ending WIP Imventory were complete for conversion costs. The following costs existed or were added to the WIP Inventory
account in January.
a
Your answer is correct.
a
Your answer is correct.
Assuming Sunland's uses the FIFO method of process costing, complete Steps and of the template to determine the equivalent
units of work done during January.
Total equivalent units of work done this period
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b
Complete Steps of the template to determine the cost per equivalent unit and to assign DM costs and corversion costs to the
physical units of the period. Carefully label the total cost of units completed. Round cost per equivalent unit answers to decimal
places, eg
Total cost of units completed $
Cost of units in ending inventory $
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