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please answer questions a to d with full working out Question 4: Process Costing: FIFO Cultural Cuisines Pty Ltd uses the first-in, first-out method in
please answer questions a to d with full working out
Question 4: Process Costing: FIFO Cultural Cuisines Pty Ltd uses the first-in, first-out method in its process costing system. The following data concern the operations of the company's first processing Required: Using the first-in, first-out method: a. Determine the equivalent units of production for materials and conversion costs. (6 marks) b. Determine the cost per equivalent unit for materials and conversion costs. Round your answers to 2 decimal places. ( 3 marks) c. Determine the material, conversion and total cost of ending work in process inventory. Round your final answer to the nearest whole number. ( 3 marks) d. Determine the material, conversion and total cost to complete the units in beginning WIP. Round your final answer to the nearest whole number Step by Step Solution
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