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i need help with total cost of units transferred out using ASSIGNING COST-FIFO method # 6 on the list that says required Units in beginning
i need help with total cost of units transferred out using ASSIGNING COST-FIFO method # 6 on the list that says required
Units in beginning inventory Units started into production Units in ending Inventory Units transferred to the next department 418 4,270 290 4,390 Percentage completion of beginning inventory Percentage completion of ending Inventory Materials 60% sex Conversion 40% 30x The cost of beginning inventory according to the company's costing system was $7.888 of which $4,805 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $177,967. The costs per equivalent unit for the month were: Materials Conversion # Cost per equivalent unit $18.00 + $23.00 -41 + Req #1 Required: 1. Compute the total cost per equivalent unit for the month 2. Compute the equivalent units of material and conversion in the ending inventory 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month Step by Step Solution
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