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Ivanhoe Company has the following data available about its November production, its first month of production: 1. 2. 3. 53,200 units started and completed, and
Ivanhoe Company has the following data available about its November production, its first month of production: 1. 2. 3. 53,200 units started and completed, and 11,200 units in ending work in process inventory that are 100% complete for direct materials and 60% complete for conversion costs. It uses the FIFO method to calculate equivalent units. Unit direct materials cost is $17 and unit conversion cost is $27. The total costs to be assigned are $2,712,640. Determine the costs to be assigned to the units transferred out and the units in ending work in process inventory. Costs assigned as follows: Completed and transferred out Work in process inventory, ending Direct materials Conversion Total Cost $ $ Attomatc- 0 of 1 uced
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