Business, 21.04.2020 04:51 bloodry

Work in process, beginning:

Units in process 900
Percent complete with respect to materials 60 %
Percent complete with respect to conversion 10 %
Costs in the beginning inventory:
Materials cost $ 600 Conversion cost $ 2,150
Units started into production during the month 14,000
Units completed and transferred out 14,500
Costs added to production during the month:
Materials cost $ 39,872
Conversion cost $ 396,630
Work in process, ending:
Units in process 400
Percent complete with respect to materials 70 %
Percent complete with respect to conversion 70 %

Using FIFO methods, determine the equivalent units of production for materials and conversion costs.

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Work in process, beginning:

Units in process 900
Percent complete with respect t...

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