Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Show work 7 (10 points) The Fountain segment is considering producing only the Green Apple flavor, meaning that product costs will then be accounted

image text in transcribed

Please Show work

7 (10 points) The Fountain segment is considering producing only the Green Apple flavor, meaning that product costs will then be accounted for using process costing Use the following data to complete the table right below. Show your work on a back page (cross-referencing items a through ). Item Beginning WIP inventory Units started and costs incurred Physical Units 75.000 100,000 95,000 80.000 Percent complets Costs incurred Materials Conversion Materials Conversion 20% 10% 5 40,650 $ 66,650 $ 99,000 S 50,190 Ending WIP inventory 65% 40% Total equivalent units for materials (WA method) b. Total equivalent units for conversion costs (WA method) c. Materials cost per equivalent unit (WA method) d. Conversion cost per equivalent unit (WA method) e. Material costs assigned to units transferred out (WA method E. Total equivalent units for materials (FIFO method) g. Total equivalent units for conversion costs (FIFO method) h. Material cost per equivalent unit (FIFO method) i. Conversin cost per equivalent unit (FIFO method) li: Conversion costs assigned to ending inventory (FIFO method) 5.000 + 114 127.000 R 1.25 de 1.04 ki i Zlon 279.900 OK 02.63 ek

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Fraud Strategies For Detection And Investigation

Authors: Gerard M. Zack

1st Edition

1118301552, 9781118301555

More Books

Students also viewed these Accounting questions