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Required information Skip to question [ The following information applies to the questions displayed below. ] Annin Laboratories uses the FIFO method to account for
Required information
Skip to question
The following information applies to the questions displayed below.
Annin Laboratories uses the FIFO method to account for its workinprocess inventories. The accounting records show the following information for February:
Beginning WIP inventory
Direct materials $
Conversion costs
Current period costs
Direct materials
Conversion costs
Quantity information is obtained from the manufacturing records and includes the following:
Beginning inventory units complete as to materials, complete as to conversion
Current period units started units
Ending inventory units complete as to materials, complete as to conversion
Compute the cost of goods transferred out and the ending inventory for February using the FIFO method.
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.
Required A
The Equivalent units for Materials
The equivalent units for conversion costs
Required B
Direct Materials Cost per units equivalent unit
Conversion Costs Cost per equivalent unit
Required C
Answer the following that we are missing the answer
Cost of goods transfer out
Cost of ending inventory
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