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The cost of the insurance for a manufacturing plant is generally Nonmanufacturing cost Conversion cost Period cost Semivariable cost Landers Company has the following information

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The cost of the insurance for a manufacturing plant is generally Nonmanufacturing cost Conversion cost Period cost Semivariable cost Landers Company has the following information available for May: Beginning Work in Process Inventory (25% complete as to conversion) 10,000 units Started 120,000 units Ending Work in Process Inventory 30,000 units (30% complete as to conversion) Beginning Work in Process Inventory Costs: Material Conversion $ 2, 100 2,030 Current Period Costs: Material Conversion $ 33,000 109, 695 All material is added at the start of production and all products completed are transferred out. 1. Refer to Landers Company. Prepare an equivalent units schedule using the (a) FIFO and (b) weighted average method 2. Refer to Landers Company. Prepare a schedule showing the computation for cost per equivalent unit assuming the (a) FIFO and (b) weighted average method. 3. Refer to Landers Company. Prepare a schedule showing the assignment of costs assuming the (a) FIFO and (b) weighted average method

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