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Facts: Units Started: 30,000 units Beginning WIP: 15,000 units, 75% complete as to materials and 25% complete as to conversion costs Costs in Beg. WIP:
Facts: Units Started: 30,000 units Beginning WIP: 15,000 units, 75% complete as to materials and 25% complete as to conversion costs Costs in Beg. WIP: $18,000 materials and $8,000 conversion costs Ending WIP: 25,000 units, 100% complete as to materials and 75% complete as to conversion costs Costs added during the period: $100,000 in Materials and $160,000 in conversion costs FIRST, calculate the COGM using the Weighted Average method. That answer should go in the first box. Second, calculate COGM using FIFO
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