Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. 5,000 units 70% 25% $7,350 $3,125 Beginning Work in Process inventory: Physical units..... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May Product started: Physical units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs Manufacturing costs for June: Materials Conversion costs 44,000 units 4,000 units 40% 10% $96,975 $79,470 Compute equivalent units for direct materials for June. Question 2 1 pts Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. Beginning Work in Process inventory: Physical units....... 5,000 units % complete for materials 70% % complete for conversion costs 25% Materials cost from May $7.350 Conversion costs from May $3,125 Product started: Physical units 44,000 units Ending Work in Process inventory: Physical units 4,000 units % complete for materials 40% % complete for conversion costs 10% Manufacturing costs for June: Materials $96,975 Conversion costs $79,470 Compute equivalent units for conversion costs for June. Question 3 1 pts Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. 5,000 units 70% 25% $7,350 $3,125 Beginning Work in Process inventory: Physical units.... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May Product started: Physical units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs Manufacturing costs for June: Materials Conversion costs 44,000 units 4,000 units 40% 10% $96,975 $79,470 Compute cost per equivalent unit for materials for June. Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing. 5,000 units 70% 25% $7,350 $3,125 Beginning Work in Process inventory: Physical units....... % complete for materials % complete for conversion costs Materials cost from May Conversion costs from May Product started: Physical units Ending Work in Process inventory: Physical units % complete for materials % complete for conversion costs Manufacturing costs for June: Materials Conversion costs 44,000 units 4,000 units 40% 10% $96,975 $79,470 Compute cost per equivalent unit for conversion costs for June
