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SC03 JOYCE CO units in process. These units were 25% complete. The costs associated with the beginning work-in-process at $20. During February, 20 units were
SC03 JOYCE CO units in process. These units were 25% complete. The costs associated with the beginning work-in-process at $20. During February, 20 units were completed and transferred to finished goods. The current period (February) costs were $187. The ending work-in process at February 28 consisted of 10 units which were 30% complete. MPANY uses a process cost system and began its operations on January 1. On January 31, it had Required: Calculate the following, for both the Average and the FIFO method Averege. FIFO Equivalent units produced during February were Total unit cost far February was (per unit Total unit cost for the preceding period (JanuaSY) was (per unit) Total cost of the units finished and transferred in February was (per unit) Costper unit of the beginning work in process inventory at March 1 was 7 3 4 --s_ s_ -10
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