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QUESTION 3 Below is information about BiWella Inc, a chemical producer for the month of October: Work in process, beginning inventory 50,000 units Transferred in
QUESTION 3 Below is information about BiWella Inc, a chemical producer for the month of October: Work in process, beginning inventory 50,000 units Transferred in 100% complete Direct Materials 0% complete Conversion Costs 80% complete 200,000 units Transferred in during October Completed and transferred out during October 210,000 units Work in process, ending inventory ? units Transferred in 100% completed Direct Materials 0% complete Conversion costs 40% complete Required: Calculate the following using the FIFO method. 1. Number of units in work-in-process inventory at end of the month. 2. Equivalent units of production for the month with respect to materials. 3. Equivalent units of production for the month with respect to conversion costs
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