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Information concerning a production department of Fido Incorporated for April is as follow April 1 Transferred Out in April April 30 Units 7000 42000
Information concerning a production department of Fido Incorporated for April is as follow April 1 Transferred Out in April April 30 Units 7000 42000 5000 Transferred In Cost Materials Conversion Total Beginning WIP $15,000 $11,200 $12,800 ? Cost this Period $83,710 $75,000 $93,000 ? The conversion was 20% complete on April 1 and 40% complete on April 30, All materials are added at the beginning of the process. Question 1: What was the dollar amount in Ending Work in Process under W/A method? Question 2: What is the dollar amount Transferred Out under the W/A method? Question 3: What is the dollar amount in Ending Work in Process under the FIFO method? Question 4: What is the dollar amount Transferred Out and under the FIFO method? Question 5: What is the dollar per equivalent unit for materials under the FIFO method?
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