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Inky Pens Inc. is a factory that produces blue glitter ink and sells it to vendors in small glass vial Inky has collected the following
Inky Pens Inc. is a factory that produces blue glitter ink and sells it to vendors in small glass vial Inky has collected the following data for April, the most recent month of production: Ending Work-in-Progress (WIP) Inventory, March Beginning WIP Inventory Costs added during the period Glass 100% Units Started April Units Completed in April Ending WIP Inventory, April 100% They also compiled the following cost data for April: Glass FIFO? Ink 100% Ink 96% $3,900 $1,003 $48,903 $16,904 What are the costs per equivalent unit for Glass a. and Ink's Conversion Costs under Conversion Costs 63% 24% Conversion Costs Calculator Physical Units The management of Inky is asking their accountant, Susan to provide information pertainin both the First-In, First-Out (FIFO) method and the Weighted-Average method. Susan has v for Inky for a few months, and she is looking forward to becoming involved in this process. all of this information in mind, please answer the following questions. (Round units to who number and cost to two decimal places.) $2,001 $55,674 2,948 34,780 33,528 4,200 b. What is the equivalent cost per unit for Glass, Ink's Conversion Costs under Guidelines W please asap
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