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watch the video to do it https://www.youtube.com/watch?v=wNfuvEJTDE8&t=80s Instructions Read the following question below and answer the following questions. (This is the problem we solved in
watch the video to do it
https://www.youtube.com/watch?v=wNfuvEJTDE8&t=80s
Instructions Read the following question below and answer the following questions. (This is the problem we solved in class. Try to solve without looking at your notes.) D Donnie, Inc. (\"DI\") requires multiple departments and areas in order to make a single product. On August 1, DI had 10,000 units in beginning inventory that were 80% complete with respect to materials and 60% complete with regards to conversibn. In addition to the beginning inventory, DI started and completed 190,000 units during the month of August. In Dl's inventory as of August 31st, there were 50,000 units that were 40% complete with respect to materials and 20% complete with respect to conversion. Dl's beginning inventory costs were $122,000 for materials and $222,000 for conversion. During the month of August DI added $318,000 direct materials costs and $408,000 of conversion costs. Using the FIFO method of process costing determine: Equivalent Units for Direct Materials and Conversion Cost per Equivalent Unit for Direct Materials and Conversion Ending Balances ofWIP for Direct Materials, WIP for Conversion and Finished Goods Inventory Question 1 25 pts What is the ending balance of the WlP-DM inventory account? (Do not include a comma in your answer.) Question 2 25 pts What is the cost per equivalent unit for direct materials? (Do not include a dollar sign in your answer.)Step by Step Solution
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