Equivalent Units and Product Cost Report-FIFO Method in its first months operations (Jandary). Alled Company's Department 1 incurred charges of $120,000 for direct materials (10,000 units) $33,000 for Assuming Alred uses the fifo method and that materials are added at the beginning of the process and conversion costs okcur evenly, compute the a. The equivalent units for material and conversion costs b. The cost per equivalent unit for inaterial and conversion costs c. The totol cost assigned to the units transferred out. d. The total cost assigned to the ending inventory. e. Prove that your solutions to requirements (c) and (d) sum to the total costs to be accounted for. Equivalent Units and Product Cost Report-FIFO Method in its first month's operations (January). Allred Company's Department 1 incurred charges of $120,000 for direct materials (10,000 units), $33,000 for Assuming Allred uses the FIFO method and that materials are added at the beginning of the process and conversion costs occur evenly, compute the a. The equivaient units for materiai and conversion costs. b. The cost per equivalent unit for material and conversion costs. c. The total cost assigned to the units transferred out. d. The total cost assigned to the ending inventory. e. Prove that your solutions to requirements (c) and (d) sum to the total costs to be accounted for. Equivalent Units and Product Cost Report-FIFO Method in its first months operations (Jandary). Alled Company's Department 1 incurred charges of $120,000 for direct materials (10,000 units) $33,000 for Assuming Alred uses the fifo method and that materials are added at the beginning of the process and conversion costs okcur evenly, compute the a. The equivalent units for material and conversion costs b. The cost per equivalent unit for inaterial and conversion costs c. The totol cost assigned to the units transferred out. d. The total cost assigned to the ending inventory. e. Prove that your solutions to requirements (c) and (d) sum to the total costs to be accounted for. Equivalent Units and Product Cost Report-FIFO Method in its first month's operations (January). Allred Company's Department 1 incurred charges of $120,000 for direct materials (10,000 units), $33,000 for Assuming Allred uses the FIFO method and that materials are added at the beginning of the process and conversion costs occur evenly, compute the a. The equivaient units for materiai and conversion costs. b. The cost per equivalent unit for material and conversion costs. c. The total cost assigned to the units transferred out. d. The total cost assigned to the ending inventory. e. Prove that your solutions to requirements (c) and (d) sum to the total costs to be accounted for
