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the smelting department of Polzin company has the following production Current Attempt in Progress The Smelting Department of Polzin Company has the following production and
the smelting department of Polzin company has the following production
Current Attempt in Progress The Smelting Department of Polzin Company has the following production and cost data for September Production: Beginning work in process 2,200 units that are 100% complete as to materials and 20% complete as to conversion costs; units started and finished 8,800 units; and ending work in process 1,000 units that are 100% complete as to materials and 40% complete as to conversion costs. Manufacturing costs: Work in process, September 1, $16,000; materials added $68,600; labor and overhead $134,808. Polzin uses the FIFO method to compute equivalent units. (a) Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of September. Materials Conversion Costs The equivalent units of production Compute unit costs. (Round unit cos Materials $ Conversion costs $ Cost Reconciliation Costs accounted for Transferred out Work in process, July 31 Materials TA Conversion costs Total costs Step by Step Solution
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