Refer to the information in Exercise 6.19. Physical Units Started in October ....... 100,000 Completed in October
Question:
Physical Units
Started in October ....... 100,000
Completed in October ..... 94,000
Ending WIP (60% complete) ... 15,000
Beginning WIP (20% complete).... 9,000
Costs
Beginning work in process costs:
Direct materials NT ........ $18,000
Conversion costs .......... 36,000
Costs added this period:
Direct materials ......... 100,000
Conversion costs .......... 200,000
REQUIRED
Calculate the equivalent cost per unit using the FIFO method.
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Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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