Question
Keyboard Production, inc. uses various composites for production of keyboards. Keyboard uses two cost categories, direct materials and conversion costs. There are two departments:
Keyboard Production, inc. uses various composites for production of keyboards. Keyboard uses two cost categories, direct materials and conversion costs. There are two departments: Machining and Assembly. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Machining Department for February 2020 are: Work in process, beginning inventory, 40% converted 200 units Units started during February Work in process, ending inventory: 800 units 100 units 30% complete as to conversion costs 100% complete as to materials Costs for the Machining Department for February 2020 are: Work in process, beginning inventory: Direct materials Conversion costs $600,000 $150,000 Direct materials costs added during February $4,000,000 $1,710,000 Conversion costs added during February Under the weighted average method, what are the equivalent units for conversion costs for Feb? Under the FIFO method, what is the cost per equivalent unit for conversion costs for Feb? Under the FIFO method, what are the equivalent units for conversion costs for Feb? Under the weighted average method, what is the cost per equivalent unit for conversion costs for Feb? > > >
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