Units completed and transferred out Less beginning WIP Units started and completed Answer b Beginning WIP Units started and

Question

Units completed and transferred out Less beginning WIP Units started and completed Answer b Beginning WIP Units started and completed Ending WIP Equivalent units of production Equivalent units of production FIFO Method Direct materials 380 000 76 000 304 000 Answer Req b Cost assignment FIFO Beginning work in process To complete beginning work in process Direct material Conversion Total cost to complete Total cost to complete beginning work in process Started Completed Direct material Answer Req a Cost per Equivalent units of production FIFO Method Cost incurred this period Total costs Equivalent units of production Cost per Equivalent units of production Conversion Total cost of started completed Completed Transferred out Ending work in process Units A 76 000 304 000 98 000 478 000 Percent added B Costs EUP 35 100 85 EUP Cost per EUP Direct materials EUP 26 600 49 400 2 18 EUP C A B EUP Cost per EUP 26 600 304 000 83 300 413 900 3 09 1 278 951 1 278 951 Costs 413 900 EUP 3 09 Total cost 82 194 107 692 Total cost 304 000 3 09 939 360 304 000 2 18 662 720 Cost per EUP Total cost Conversion Percent added D E E 65 4 100 30 35 3 38 Conversion 84 84 38 226 003 189 886 415 889 1 602 080 2 017 969

Kunduz · Accepted Answer

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