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need help please FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the
need help please
FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FFF method to account for its manufacturing costs. The product Dama hmakes paves through two processes: Cutting and Sewing During April, Dama's controller prepared the following equivalent units schedule for the Cuttong Department: Costs in beginning work in process were direct matervals, $20,000; conversion costs, $70,000. Manufacturing costs incurred during April were direct mateilals, 5195,000 ; conversion costs, $377,600, Required: 1. Prepare a physical flow schedule for April. 2. Compute the cost per equivalent unit for April. If required, round your answer to the nearest cent. per equivalent unit 3. Determine the cost of ending work in process and the cost of goods transferred out. 4. Prepare the journal entry that transfers the costs from Cutting to Sewing. 2. Compute the cost per equivalent unit for Aprit. If required, round your answer to the nearest cent. per equivalent unit 3. Determine the cost of ending work in process and the cost of goods transferred out: 4. Prepare the journal entry that transfers the costs from Cutting to Sewing Step by Step Solution
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