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Missing last second to last question. Problem 8-47 FIFO Method (LO 8-5) The following information is available from the Oils Division of Glasgow Corporation for
Missing last second to last question.
Problem 8-47 FIFO Method (LO 8-5) The following information is available from the Oils Division of Glasgow Corporation for December. Conversion costs for this division were 80 percent complete as to beginning work-in- process inventory and 50 percent complete as to ending work-in-process inventory. Information about conversion costs follows: Costs WIP at December 1 (80% complete) Units started and costs incurred during December Units completed and transferred to next department during December 20,000 S 232,200 108,000 1,306,800 The Oils Division uses FIFC Required: a-1. Compute the equivalent units for conversion costs. ent units 88,000 a-2. Compute the cost per equivalent unit for conversion costs. (Round your answers to 2 decimal places.) Cost per equivalent unit$ 14.85 a-2. Compute the cost per equivalent unit for conversion costs. (Round your answers to 2 decimal places.) Cost per equivalent unit 14.85 a-3. What was the conversion cost of work-in-process inventory in the Oils Division at December 31? (Do not round intermediate calculations.) rsion cost S 356,.400 b. What were the conversion costs per equivalent unit produced last period and this period, respectively? (Round your answers to 4 decimal places.) Cost per Previous period Current period 14.8500Step by Step Solution
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