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Question 13 Adjudicator Corporation has the following information available for May of the current year: Beginning Work in Process Inventory (25% complete as to
Question 13 Adjudicator Corporation has the following information available for May of the current year: Beginning Work in Process Inventory (25% complete as to conversion) Started Ending Work in Process Inventory (30% complete as to conversion) 10,000 units 120,000 units 30,000 units Beginning Work in Process Inventory Costs: Material Conversion $ 2,100 2,030 0 Current Period Costs: Material $ 33,000 109,695 Conversion All material is added at the start of production and all products completed are transferred out. Required [17 marks]: Show your work please. 1. What are the equivalent units of production for materials under FIFO [3 marks]: 2. What are the equivalent units of production for conversion under FIFO [3 marks]: 3. What is the cost per equivalent unit of production for materials under FIFO [3 marks]: A 4. What is the cost per equivalent unit of production for conversion under FIFO [3 marks]:
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