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Slow-Gro Company makes plant food. The product is made in a single processing department Direct materials throughout the process. The company uses the FIFO method
Slow-Gro Company makes plant food. The product is made in a single processing department Direct materials throughout the process. The company uses the FIFO method of accounting for costs. The beginning balance in Work in Process is $335,000 and is 60% complete as to conversion costs. During the month the following product costs are added Direct Materials $105,000 Direct Labor $376,000 Applied Factory overhead $100,800 During the current month the company started 150,000 units and completed and transferred out 140.000 units complete for conversion costs. Prepare an equivalent unit s schedule. Calculate the cost of ending work in proc $89,200 $90,750 $90,350 $88,200 Slow-Gro Company makes plant food. The product is made in a single processing department Direct materials throughout the process. The company uses the FIFO method of accounting for costs. The beginning balance in Work in Process is $335,000 and is 60% complete as to conversion costs. During the month the following product costs are added Direct Materials $105,000 Direct Labor $376,000 Applied Factory overhead $100,800 During the current month the company started 150,000 units and completed and transferred out 140.000 units complete for conversion costs. Prepare an equivalent unit s schedule. Calculate the cost of ending work in proc $89,200 $90,750 $90,350 $88,200
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