Question

Paul’s Frozen Pizzas uses FIFO process costing. Selected production and cost data fol- low for April 2016.
Requirements
1. Calculate the following:
a. On March 31, the Mixing Department beginning Work-in-Process Inventory was 30% complete for materials and 45% complete for conversion costs. This means that for the beginning inventory _____ % of the materials and _____ % of the conversion costs were added during April.
b. On April 30, the Mixing Department ending Work-in-Process Inventory was 65% complete for materials and 75% complete for conversion costs. This means that for the ending inventory _____ % of the materials and _____ % of the conversion costs were added during April.
c. On March 31, the Cooking Department beginning Work-in-Process Inventory was 70% complete for materials and 80% complete for conversion costs. This means that for the beginning inventory _____ % of the materials and _____ % of the conversion costs were added during April.
d. On April 30, the Cooking Department ending Work-in-Process Inventory was 55% complete for materials and 80% complete for conversion costs. This means that for the ending inventory _____ % of the materials and _____ % of the conversion costs were added during April.
2. Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for both the Mixing and the Cooking Departments. For all Problems, assume the weighted-average method is to be used unless you are told otherwise.


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  • CreatedJune 15, 2015
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