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the company uses FIFO method of process costing Zainyecany Corporation des interlocking children's blocks in a single processing department Direct materials are added the start
the company uses FIFO method of process costing
Zainyecany Corporation des interlocking children's blocks in a single processing department Direct materials are added the start of production. Conversion costs are added only througout production. The company uses the RFO method of process costing Physic: Unis Direct Maids $ 5,760 Conversion 14,825 Berpinning werk in preces (Oct 1) Suroad in October 2017 Completed during October 2017 Ending work in proces (October 31) Total costs added during October 2017 12,000 48,000 55,000 5,000 $ 25,440 $ 58,625 De of completion being work in proces Direct Materials Conversion Costi 100.00% 80.00% Dope of completion ending work in preces Direct Matias Conversion Cests 100.00% 30.00% Swp1 Physical Units Step A2. Equivalent Units Direct Manis Cenwension Cost flow of Production Work in prons banning . Saarted during the current period To account for Completed and wanfared out during the current period From being work in process Sarted and completed Work in proons anding Accounted for Equivalent units of werk done to date Tool Production Cost Dina M Conlon Ceas Step 13 Work in process, being Cests added in curt period Total costs to account for Step 14 Ceste added in curred Divide by equivalent unit of work done to date Cost per equivalent unit of work done to die Sep 15 Assigment of Costs Completed and was and out Work in process, beinning Cests added to banning work in pros: Total cost from beinning inventory Sarted and completed Total cost of units compled and transferred out Work in process, andinn Total cost accounted for Step by Step Solution
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