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Dodd Company uses the FIFO method in its process costing system. The Mixing Department started the month with 900 units in process that were 10%
Dodd Company uses the FIFO method in its process costing system. The Mixing Department started the month with 900 units in process that were 10% complete, started in production 1,500 units, and transferred 1,600 units to the finished goods storage area. All materials are added at the beginning of the process and conversion costs occur evenly. The units in process at the end of the month are 20% complete with respect to conversion costs. The department incurred the following costs (Click the icon to view the costs.) Read the requirements 14A. How many units are still in process at the end of the month? - X Data Table Determine the formula, then enter the amounts to calculate units in process at the end of the month In process units Beginning WIP Added this month Total Direct Materials $ 1,080 $ 1.800 $ 2.880 Conversion Costs 1,550 5,845 7,645 $ 7,395 10,275 $ 2,630 $ Total Print Done Requirements - X 14A. How many units are still in process at the end of the month? 15A. Compute the equivalent units of production for the Mixing Department for the current month. 16A. Determine the cost per equivalent unit for the current period for direct materials and conversion costs. 17A. Determine the cost to be transferred to the next department. Print Done
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