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Peter's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. scaduties and date Read Requirements Requ On M r
Peter's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. scaduties and date Read Requirements Requ On M r mate come ials and _% of conve 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 70% complete for materials and 85% complete for conversion costs. This means that for the beginning inventory the materials and _% of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 70% complete for materials and 80% complete for conversion costs. This means that for the ending inventory_ % of the materials and _% of the conversion costs were added during April. 2. Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for direct materials, and conversion costs for the Prepping Department. Print Done Prepping Department 15,000 55,000 70,000 Units to account for: Beginning work-in-process, March 31 Started in April Total units to account for Units accounted for: Completed and transferred out during April: From beginning work-in-process inventory Started and completed during April Ending work-in-process, April 30 Total units accounted for 15,000 45,000 10,000 70,000
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