Question 27

Hannah Company has the following data available about its November production, its first month of production:

1.48,100units started and completed, and10,700units in ending work in process that are 100% complete for materials and75% complete for conversion costs.2.It uses the FIFO method to calculate equivalent units.3.Unit materials cost is $16and unit conversion cost is $26. The total costs to be assigned are $2,400,050.

Determine the costs to be assigned to the units transferred out and the units in ending work in process.

Costs assigned as follows:

Completed and transferred out $

Work in process, ending

Materials

Conversion

Total Cost $