Refer to the information in PB3 5 for Ivy Glen Inc
Refer to the information in PB3-5 for Ivy Glen Inc.


Required:
Complete all requirements for PB3-5 using the FIFO method.

Requirements PB3-5
1. Using the weighted-average method of process costing, complete each of the following steps:
a. Reconcile the number of physical units worked on during the period.
b. Calculate the number of equivalent units.
c. Calculate the cost per equivalent unit rounded to five decimal places.
d. Reconcile the total cost of work in process.
2. Summarize the preceding steps in a September production report for Ivy Glen Inc.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help