Figure 6-12

Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The following information is given for the printing department for September. (The company uses FIFO inventory assumption.)

Units:

units, beginning work in process 40,000 (30% complete for materials, 70% complete for conversion)

started 300,000

completed ?

units, ending work in process 50,000 (35% complete for materials, 90% complete for conversion)

Costs: Materials Conversion Total

beginning work in process $ 6,080 $ 2,160 $ 8,240

current costs $192,075 $33,770 $225,845

total costs $198,155 $35,930 $234,085

42. Refer to Figure 6-12. What are the FIFO equivalent units for conversion?

a.

306,000

b.

340,000

c.

317,000

d.

307,000

43. Refer to Figure 6-12. What are the FIFO cost per unit for conversion?

a.

$0.90

b.

$0.11

c.

$0.66

d.

$0.10

44. Refer to Figure 6-12. What are the FIFO cost per unit for materials?

	a.	$1.00
	b.	$0.77
	c.	$0.75
	d.	$0.65