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Use below information for Questions 1 to 4 : The smelting department of Company X has following production and cost data for September: Production: Beginning
Use below information for Questions to : The smelting department of Company X has following production and cost
data for September:
Production: Beginning WIP units that are complete as to materials and complete as to conversion
costs; units started into production units; units transferred out to next department units; ending WIP
are complete as to materials and complete as to conversion costs.
Manufacturing costs: Beginning WIP TL materials, TL labor and TL MOH costs. In current
period, TL worth of materials, TL worth of labor and TL worth of MOH costs are incurred.
Q Compute the material cost portion of the ending inventory if the company uses WA method to compute equivalent
units.
Q Compute the conversion cost portion of the ending inventory if the company uses FIFO method to compute
equivalent units.
Q Compute the material cost portion of the transferred out inventory if the company uses FIFO method to compute
equivalent units.
Q Compute the conversion cost portion of the transferred out inventory if the company uses WA method to compute
equivalent units.
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