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use the FIFO method. please show all work by hand, thank you. 700 50% 10% $595 $2,093 14,000 Work-in-process, beginning: Units in process Percent complete
use the FIFO method. please show all work by hand, thank you.
700 50% 10% $595 $2,093 14,000 Work-in-process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work-in-process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 14,600 $21,465) $440,618 100 60% 60% b. Determine the cost per equivalent unit for materials and conversion costs. Materials Conversion Cost added during the month Equivalent units of production Cost per equivalent unit Total c. Determine the cost of ending work-in-process inventory Materials Conversion Ending work-in-process: Equivalent units of production Cost per equivalent unit Cost of ending work-in-process d. Determine the cost of units transferred out of the department during the month. d. Materials Conversion Total Cost from the beginning inventory Cost to complete the units in beginning inventory: Equivalent units to complete Cost per equivalent unit Cost to complete Cost of units started and completed: Units started and completed Cost per equivalent unit Cost of units started and completed Total cost of units transferred outStep by Step Solution
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