The following information is available about the Assembly Dept. of Mangrove Model Company for the month of July. Cost Pools Degree of Completion 25% Physical Units 28,000 60,000 22,000 66.000 Material $ 39,200 Conversion $ 30,800 Beginning Work-in-process Started During the Period Ending Work-in-Process Completed & Transferred Out Total Costs Added During the Period 50% $ 90,000 $ 280,000 All moterials costs are added at the beginning of production and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Mangrove. How many equivalent units of work were done in conversion costs during th month using the FIFO method of process costing? The following information is available about the Assembly Dept. of Mangrove Model Company for the month of July. Cost Pools Degree of Completion 25% Physical Units 28,000 60,000 22.000 66,000 Material $39.200 Conversion $ 30,800 Beginning Work-in-Process Started During the Period Ending Work in Process Completed & Transferred Out Total Costs Added During the Period 50% $ 90,000 $ 280,000 All materials costs are added at the beginning of production and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Mangrove. What is the amount of material cost assigned to ending work-in-process inventory at the end of the month using the FIFO method of process costing? The following information is available about the Assembly Dept. of Mangrove Model Company for the month of July Cost Pools Degree of Completion 25% Material $39,200 Conversion $ 30.800 Beginning Work in Process Started During the Period Ending Work-in-Process Completed & Transferred Out Total Costs Added During the Period Physical Units 28.000 60.000 22,000 66,000 50% 590.000 $ 280,000 All materials costs are added at the beginning of production and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Mangrove How many of the 60,000 units that were started during the month were also completed during the month The following information is available about the Assembly Dept. of Mangrove Model Company for the month of July. Cost Pools Degree of Completion 25% Physical Units 28,000 60,000 22,000 66,000 Material $ 39,200 Beginning Work-in-process Started During the Period Ending Work-in-Process Completed & Transferred Out Total Costs Added During the Period Conversion $ 30.800 50% $90.000 $ 280,000 All materials costs are added at the beginning of production and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Mangrove. What is the total cost of the goods transferred out during the month using the FIFO method of process costing
