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QUESTION 9 The Poolside Company uses a FIFO process costing system. The following data are available: Beginning inventory 1,000 units (100% complete as to materials
QUESTION 9 The Poolside Company uses a FIFO process costing system. The following data are available: Beginning inventory 1,000 units (100% complete as to materials and 50% complete as to labor and overhead); Units started in production 19,000; Units finished during the period 16,000; Units in process at the end of the period (100% complete as to materials and 25% complete as to labor and overhead) 4,000; Costs in beginning inventory were materials of $1,500 and Labor and overhead costs $1,000; Cost added during the period were $35,200 for materials and Labor and overhead costs of $37,400. What is the FIFO cost per EUP of materials added for the period? Round to the nearest $.001. QUESTION 10 The Miracle Company had 20,000 units in process on December 31, 2020 which was 80% complete as to materials but only 40% complete as to conversion costs. The company's records show 40,000 units were transferred to the Finished Goods Inventory during January 2021. On January 31, 2021, 15,000 units were on hand which were 30% complete as to conversion costs and 60% complete as to materials. What are the equivalent units of production (EUPs) added for the conversion costs in January, assuming Miracle uses FIFO? 36500 Save All Ans Suhmit to me and submit. Click Save All Answers to save all answers
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