Business, 01.06.2021 18:50 tarhondaeiland4122

The information that pertains to the Mixing Department for the month of July is reproduced here. All materials are added at the beginning of the process. Labor and overhead (conversion resources) are added evenly throughout the process. Physical work-in-process inventory1,000 units(40% complete)$8,500$7,552Units started in July5,000 unitsEnding work-in-process inventory400 units(30% complete)Costs added in July60,500130,872Required: 1. Determine the number of units completed and transferred to the Packaging Department in July.2. Compute the equivalent units using the FIFO method.3. Compute the cost per equivalent unit using the FIFO method.4. Compute the costs of goods transferred out and the ending work-in-process inventory using the FIFO method.

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