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How to solve this question ereblem 5.20 points): fet Products Company uses an automated process to manufacture its pet following activities: pet replica products. For
How to solve this question ereblem 5.20 points): fet Products Company uses an automated process to manufacture its pet following activities: pet replica products. For June, the company had the Begi inning work in nits placed in production nits completed 500 items, 15,000 units 17,500 units complete war ending work in inventory 000 items, complete 5,600 23,595 ost of beginning work in process rect mat current $16,500 version costs, current Direct materials are placed into production throughout the process. Required Complete production cost at the beginning of the process and conversion costs are incurred evenly O. 459 appropriate/missing information.) appropriate/mbsing informatietbelow using the FIFO method. (rill in the lettered lines with the Conversion Flow of production Physical Units Direet Materials Work in process, beginning Started during period a.? 4,500-end, see To account for b.? Units co ted Work in process, beginning c.? Started and completed d. Work in process, ending e.? Direct Materials Conversion Costs Totals 55,600 Work in process, beginning Costs added during period Total costs to account for Divided by equivalent units f. Equivalent unit costs $45,695 519.630 $26,065 $2.42 1.10 $1.32 Totals Assignment of costs Work in process, beginning g.? Completion of beginning h.? Total beginning inventory Started and Completed j.? Total costs transferred out Work in process, ending $41,515 Direct materials k.? $1,980 Conversion (2,000 x $1.32 x 0.75) Costs accounted for $45,695
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