Continuation of 17 21 Refer to the information in Exercise 17 19 Suppose the
Continuation of 17-21.
Refer to the information in Exercise 17-19.
Suppose the Assembly Division uses the FIFO method of process costing instead of the weighted-average method.
In Exercise 17-19.
Degree of completion: direct materials, 90%; conversion costs, 40%.
†Degree of completion: direct materials, 60%; conversion costs, 30%.
The Assembly Division uses the weighted-average method of process costing.
REQUIRED
For the data in Exercise 17-19, use the FIFO method to summarize total costs to account for, and assign these costs to units completed and transferred out, and to units in ending work inprocess.
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