Question
XX company operates a computer disk manufacturing plant. Direct material are added at the end of the process. The following data were for April 2012
- XX company operates a computer disk manufacturing plant. Direct material are added at the end of the process. The following data were for April 2012
| Work in process, beginning inventory | 151,400 units |
| Transferred-in cost (100% complete) |
|
| Direct materials (0% complete) |
|
| Conversion cost (80% complete) |
|
| Transferred in during current period | 451,200 units |
| Completed and transferred out | 401,000 units |
| Work in process, ending inventory | 202,000 units |
| Transferred-in cost (100% complete) |
|
| Direct materials (0% complete) |
|
| Conversion cost (55% complete) |
|
The equivalent units for conversion costs for ending work in process- using FIFO method are:
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Financial Accounting
Authors: Jane L. Reimers
1st Edition
0131492012, 978-0131492011
