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Pix Company has the following production data for March: no beginning work in process, units started and completed 26,000, and ending work in process 5,100
Pix Company has the following production data for March: no beginning work in process, units started and completed 26,000, and ending work in process 5,100 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $7 and unit conversion cost is $12. The total costs to be assigned are $554,180, prepare the cost section of the production cost report for Pix Company using the FIFO approach.
Pix Company has the following production data for March: no beginning work in process, units started and completed 26,000, and ending work in process 5,100 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $7 and unit conversion cost is $12. The total costs to be assigned are $554,180, prepare the cost section of the production cost report for Pix Company using the FIFO approach. WP PIX COMPANY Account (Partial) Production Cost Report For the Month Ended March 31 COSTS Dashboard Conversion Total Materials Costs Courses Unit costs Calendar Total costs $ $ Equivalent units Inbox $ Unit costs $ $ Get HELP- Costs to be accounted for SOS $ In process, March 1 Started into production Total costs $ Costs accounted for Transferred out $ In process, March 1 Started and completed In process, March 31 $ Materials Conversion costsStep by Step Solution
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