Question
particular unit direct material Conversion cost work-in-process begingg 3000 $4500 $5400 started with current period 20000 $32000 $78200 ending W-I-P 2500 All the material are
particular | unit | direct material | Conversion cost |
work-in-process begingg | 3000 | $4500 | $5400 |
started with current period | 20000 | $32000 | $78200 |
ending W-I-P | 2500 |
All the material are added at the beginning of the product process. Degree of completion in this department Direct material 60% and conversion cost 30%.
1. What is the equivalent unit of work done in current period for conversion costs. If company uses the weighted average costing method?
2. What is the assigned conversion costs to the units competed if company uses the weighted average costing system?
3. What is the equivalent units of work done in current period for direct material if company uses FIFO costing method?
4. What is the assigned direct material costs to the units in ending Work in process if company uses the FIFO costing method?
please give me brif solution.
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