Question
Question: Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP 16,600 unitsStarted in production 104,200Completed production 93,400Ending
Question:
Montreal Manufacturing Inc. has the following cost and production data for the month of April.
Beginning WIP
16,600
unitsStarted in production
104,200Completed production
93,400Ending WIP
27,400
The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process.
Costs pertaining to the month of April are as follows:
Beginning inventory costs are:Materials$64,700Direct labour20,200Factory overhead15,400Costs incurred during April include:Materials$562,680Direct labour198,900Factory overhead405,260
Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method.
Materials Conversion costs
Totalequivalent units 120,800 and 94,400
Calculate the unit costs for the month.(Round unit cost to 3 decimal places, e.g. 15.256.)
I got
Unit costs
Materials -> $4.658
Conversion costs --> $6.400
Total$ -> 11.058
I need help with the last part.
Determine the costs to be assigned to the units transferred out and in ending work in process.(Round answers to 0 decimal places, e.g. 5,275.)
Total Materials Conversion
Beginning Inventory$
$
$
Complete beginning WIP
Started and completed
Cost for units transferred out$
$
$
Ending work in process
Total costs$
$
$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started