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q4t Crane Company has the following data available about its November production, its first month of production: 1. 45,500 units started and completed, and 11,300
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Crane Company has the following data available about its November production, its first month of production: 1. 45,500 units started and completed, and 11,300 units in ending work in process inventory that are 100% complete for direct materials and 65% complete for conversion costs. 2. It uses the FIFO method to calculate equivalent units. 3. Unit direct materials cost is $18 and unit conversion cost is $22. The total costs to be assigned are $2,184,990. Determine the costs to be assigned to the units transferred out and the units in ending work in process inventory. Determine the costs to be assigned to the units transferred out and the units in ending work in process irventory Step by Step Solution
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