Question 3) Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2024.

Requirement 1b.

On April 30, the Prepping Department ending Work-in-Process Inventory was 70% complete for materials and 20% complete for conversion costs. This means that for the ending inventory _____% of the materials and _____% of the conversion costs were added during April.

Requirement 2.

Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for direct materials, and conversion costs for the Prepping Department

Data table Prepping Department Units to account for: Beginning work-in-process, March 31 35,000 55,000 Started in April 90,000 Total units to account for Units accounted for: 35,000 Completed and transferred out during April: From beginning work-in-process inventory Started and completed during April Ending work-in-process, April 30 45,000 10,000 90,000 Total units accounted for - Requirements 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 60% complete for materials and 70% complete for conversion costs. This means that for the beginning inventory % of the materials and % of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 70% complete for materials and 20% complete for conversion costs. This means that for the ending inventory % of the materials and % of the conversion costs were added during April. 2. Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for direct materials, and conversion costs for the Prepping Department. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 60% complete for materials and 70% complete for conversion costs. This means that for the beginning inventory % of the materials and % of the conversion costs were added during April