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Please help me have the correct answers. The previous expert solution was all incorrect.. Daosta Inc. uses the FIFO method in its process costing system.
Please help me have the correct answers. The previous expert solution was all incorrect..
Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first
processing department for a recent month.
points
Work in process, beginning:
Units in process
Percent complete with respect to materials
Percent complete with respect materials
Percent complete with respect conversion
Costs in the beginning inventory:
Materials cost
Conversion cost
Units started into production during the month
Units completed and transferred out
Costs added to production during the month:
Materials cost
Conversion cost
Work in process, ending:
Units in process
Percent complete with respect to materials
Percent complete with respect to conversion
Required:
Using the FIFO method:
a Determine the equivalent units of production for materials and conversion costs.
b Determine the cost per equivalent unit for materials and conversion costs.
c Determine the cost of ending work in process inventory.
d Determine the cost of units transferred out of the department during the month.
Complete this question by entering your answers in the tabs below.
Req a
Req b
Req C
Determine the equivalent units of production for materials and conversion costs.
Req a
Req b
Req c
Req d
Determine the cost per equivalent unit for materials and conversion costs. Round your final answers to decimal places.
Reqa
Req a
Req b
Req C
Req
Determine the cost of ending work in process inventory.
Cost of ending WIP
Req a
Req b
Req C
Reqd
Determine the cost of units transferred out of the department during the month.
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