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Spacely Sprockets makes key components for the transportation industry using the process cost system. Below are the cost and production data from the Foundry Department
Spacely Sprockets makes key components for the transportation industry using the process cost system. Below are the cost and production data from the Foundry Department for April.
The beginning inventory on the first of April was complete as to materials and as to conversions costs.
Beginning WIP included: units, which amounted to $ Spacely Sprockets used direct materials for $ and had conversions costs of $ to place sprockets into production. Ending WIP amounted to units, which were completed for materials and completed to conversions costs.
Prepare a production report using the FIFO Method.
Round your answers to two decimal places when needed and use rounded answers for all future calculations
Please create a table with the same set up
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