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I just need the the answers for cost of good transferred out and cost of ending inventory. Required information Exercise 8-43 & 8-44 (Algo) (LO
I just need the the answers for cost of good transferred out and cost of ending inventory.
Required information Exercise 8-43 \& 8-44 (Algo) (LO 8-5) [The following information applies to the questions displayed below.] Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February: Quantity information is obtained from the manufacturing records and includes the following: Exercise 8-44 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: FIFO Method (LO 85) Compute the cost of goods transferred out and the ending inventory for February using the FIFO method. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Quantity information is obtained from the manufacturing records and includes the following: BeginninginventoryCurrentperiodunitsstartedEndinginventory6,000units=(408completeastomaterials,158completeastoconversion)45,000units21,000units(758completeastomaterials,358completeastoconversion) Exercise 8-44 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: FIFO Method (LO 8 - Compute the cost of goods transferred out and the ending inventory for February using the FIFO method. lote: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Compute the cost per equivalent unit for direct materials and for conversion costs for February using the FiFo method. (Round your answers to 2 decimal places.)
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