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The production department describe an exercise 16-8 had $850,368 of direct materials and 649,296 of conversion costs charged to it during April. also it's beginning
The production department describe an exercise 16-8 had $850,368 of direct materials and 649,296 of conversion costs charged to it during April. also it's beginning inventory of 167,066 consists of 118,472 of direct material cost and 48,594 of conversion costs.
1. compute the direct materials cost and the conversation cost per equivalent unit for the department.
2. using the weighted-average method, assign April's costs to the department output- specifically, its units transferred to finished goods and its ending work in process inventory.
Refer to the information in Exercise 16-6. Assume that Fields uses the FIFO method of process o 1. Calculate the equivalent units of production for the forming department 2. Calculate the costs per equivalent unit of production for the forming department. During April, the production department of a process manufacturing system completed a number of of a product and transferred them to finished goods. Of these transferred units, 60,000 were in the production department at the beginning of April and 240,000 were started and completed in Am April's beginning inventory units were 60% complete with respect to materials and 40% complete wih respect to conversion. At the end of April, 82,000 additional units were in process in the production de partment and were 80% complete with respect to materials and 30% complete with respect to cones 1. Compute the number of units transferred to finished goods. e in processn 2. Compute the number of equivalent units with respect to both materials used and conversion used in e production department for April using the weighted-average method The production department described in Exercise 16-8 had $850,368 of direct materials and $649,296d conversion costs charged to it during April. Also, its beginning inventory of $167.066 consists of $118.4 of direct materials cost and $48,594 of conversion costs. 1. Compute the direct materials cost and the conversion cost per equivalent unit for the department. 2. Using the weighted-average method, assign April's costs to the department's output-speci 9 units transferred to finished goods and its ending work in process inventory cificallyStep by Step Solution
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