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Requirements 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% complete for materials and 70% complete for conversion
Requirements 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% 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 80% complete for materials and 40% 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. Data table On March 31, the Prepping Department beginning Work-in-Process Inventory was 30% complete for materials and 70% complete for conversion costs. This means that for the beginning inventory % of the materials and conversion costs were added during April. Requirement 1b. On April 30, the Prepping Department ending Work-in-Process Inventory was 80% complete for materials and 40% complete for conversion costs. This means that for the ending inventory % of the materials and conversion costs were added during April. Peter's Frozen Pizzas Production Cost Report - Prepping Department (Partial) Month Ended April 30 Units to account for: Total units to account for Units accounted for: Transferred to Cooking Department Total units accounted for
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