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is this correct?? Units ? Costs $1,345,500 634,800 $1,980,300 Beginning work in process (40% complete) Direct materials Conversion cost Total cost of beginning work in
is this correct??
Units ? Costs $1,345,500 634,800 $1,980,300 Beginning work in process (40% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (75% complete) Current period costs Direct materials Conversion cost Total current period costs 37,300 35,700 22,750 $2,411,400 1,275,500 $3,686,900 Required: 1. Using FIFO method of process costing, complete each of the following steps: a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. irtinn hy entering your answers in the tabs below. a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 Reg 10 Using FIFO method of process costing, reconcile the number of physical units wor Physical Units 21,150 Physical Units 35,700 Beginning Units Units Completed Ending Units 22,750 Units Started 37,300 58,450 58,450 Total Units Total Units Beginning Inventory Started and Completed Ending Inventory Total Physical Units 21,150 14,550 22,750 58,450 Equivalent Units Direct Materials Conversion 0 12,690 14,550 14,550 22,750 17,063 37,300 44,303 Using FIFO method of process costing, calculate the cost per equivalent unit whole unit and round your answers to 5 decimal places.) Direct Materials 64.64879 Conversion 28.79038 LA $ Cost per Equivalent Unit Current Period Costs Direct Materials Conversion Total Cost Prior Period Costs 1,980,300 $ 0 $ 0 Beginning Inventory Started and Completed Ending Inventory Total Cost Accounted for 940,640 1,470,760 365,350 418,900 491,250 1.275,500 $ 2,345,650 1,359,540 1,962,010 5,667,200 0 1,980,300 $ 2,411,400 $ Step by Step Solution
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