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In November, Lamb Co. computed its equivalent unit costs under FIFO process costing as follows: Direct material $29.50 Packaging Direct labor Overhead 3.00 10.84
In November, Lamb Co. computed its equivalent unit costs under FIFO process costing as follows: Direct material $29.50 Packaging Direct labor Overhead 3.00 10.84 7.68 Direct material and packaging are added at the start and end of processing, respectively. Beginning inventory cost was $616,086 and consisted of $473,424 direct material cost for 32,400 EUP. $55,117 direct labor cost for 9,720 EUP. $87,545 overhead cost for 11,340 EUP. Lamb Co. transferred a total of 222,000 units to finished goods during November and had 7,200 units in ending WIP Inventory. The ending inventory units were 30 percent complete as to direct labor and 55 percent complete as to overhead. % a. What percentage complete were the beginning inventory units as to direct material? 0 What percentage complete were the beginning inventory units as to packaging? 0 What percentage complete were the beginning inventory units as to direct labor? 0 What percentage complete were the beginning inventory units as to overhead? 0 b. What was the total cost of the completed beginning inventory units? $ 0 c. What was the cost of the units started and completed in November? $ 0 d. What was the cost of November's ending inventory? $ 0 % % % In manufacturing its products, Trevano Corp. adds all direct material at the beginning of the production process. The company's direct labor and overhead are considered to be continuously at the same degree of completion. September production information is as follows: Beginning WIP Inventory Started during September 20,000 pounds 50,000 pounds Completed during September 64,000 pounds As of September 1, the beginning WIP Inventory was 30 percent complete as to labor and overhead. On September 30, the ending WIP Inventory was 80 percent complete as to conversion. a. Determine the total number of pounds to account for if Trevano uses the weighted average process costing method. pounds b. Determine the equivalent units of production for direct material. 0 pounds c. Determine the equivalent units of production for direct labor and overhead. 0 pounds
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