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solutions and answers please Items 17 to 22 are based on the following information: Fitness Sports uses a process costing system. For March, the company
solutions and answers please
Items 17 to 22 are based on the following information: Fitness Sports uses a process costing system. For March, the company had the following activities: Beginning work in process inventory 6,000 units 13 complete Units placed in production 24,000 units Good units completed 18,000 units Ending work in process inventory 10,000 units, 12 completed Cost of beginning work in process $ 5,000 Direct material costs, current $18,000 Conversion costs, current $13,800 Direct materials are placed into production at the beginning of the process. All spoilage is normal and is detected at the end of the process. Using FIFO method: 17. The equivalent units of materials: A 12,000 B 14,000 C 18,000 D 24,000 E answer not given 18. The equivalent units at conversion costs A 16,000 B 18,000 C 19,000 D 23,000 E answer not given 19. The cost cost per equivalent unit of materials and conversion costs: A $0.60 B $0.75 C$ 1.35 D $2.00 E answer not given 20. The total cost transferred out: A $18,960 B $ 26,300 C $33,800 D $36,800 E answer not given 21 The cost of work in process-ending: A $ 3,000 B $ 7,500 C$10,500 D $ 12,000 E answer not given 22 The total costs to be accounted for: A $26,300 B $ 29,300 C$23,800 D $36,800 E answer not given 3/10Step by Step Solution
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