Question
Use below information for Questions 10 to 13: The smelting department of Company X has following production and cost data for September: Production: Beginning work
Use below information for Questions 10 to 13:
The smelting department of Company X has following production and cost data for September:
- Production: Beginning work in process 200 units that are 100% complete as to materials and 71% complete as to conversion costs; units started into production 1,000 units; ending work in process 250 in units that are 100% complete as to materials and 57% complete to conversion costs.
- Manufacturing costs: Beginning work in process TL8,100 materials, TL9,270 labor and TL2,500 manufacturing costs. In current period, TL50,500 worth of materials, TL25,100 worth of labor and TL31,000 worth of manufacturing overhead costs are incurred.
Q-10) Compute the material cost portion of the transferred out inventory if the company uses WA method to compute equivalent units.
Q-11) Compute the conversion cost portion of the transferred out inventory if the company uses FIFO method to compute equivalent units. met hod to compute fquivalent units.
Q-12) Compute the material cost portion of the ending inventory if the company uses FIFO method to compute equivalent units.
Q-13) Compute the conversion cost portion of the ending inventory if the company uses WA method to compute equivalent
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