Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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
image text in transcribed
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

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hotel And Restaurant Accounting

Authors: Cole Raymond

8th Edition

0866125531, 9780866125536

More Books

Students also viewed these Accounting questions

Question

Differentiate the function. r(z) = 2-8 - 21/2 r'(z) =

Answered: 1 week ago