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just do these two parts! 4 a Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most
just do these two parts!
4 a
Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Unito in beginning inventory Units started into production Unitsin ending inventory Units transferred to the next department 430 4.280 260 4.450 ances Percentage completion of beginning inventory Dercentage completion of ending inventory materiala Conversion 601 403 301 900 The cost of beginning inventory according to the company's costing system was $7,804 of which $4,896 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,856. The costs per equivalent unit for the month were: Materials Conversion $10.00 $23.00 cont per equivalent unit Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory 4. Compute the number of units started and completed during the month incess inventory for materials, conversion, and in total for the month Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. {Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required et Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Total cost of units transferred out Step by Step Solution
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