The following three companies have just one manufacturing process in-house; they all incur conversion costs (CC) evenly
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The following three companies have just one manufacturing process in-house; they all incur conversion costs (CC) evenly throughout their process.
Company A | ||
Units in beginning WIP Inventory | 4,700 | Additional Information: |
Units started this period | 20,200 |
|
Units in ending WIP Inventory | 6,600 |
|
Units completed |
| |
Company B | ||
Units started this period | 14,400 | Additional Information |
Units completed | 19,700 |
|
Units in ending WIP Inventory | 4,300 |
|
Units in beginning WIP Inventory |
| |
Company C | ||
Units in beginning WIP Inventory | 10,700 | Additional Information |
Units started this period |
| |
Units completed | 32,200 |
|
Units in ending WIP Inventory | 5,200 |
|
(a)Determine physical units and equivalent units of production for Company A under the (1) FIFO method and (2) weighted-average method.
- FIFO
Step 2 | |||||
Equivalent Units | |||||
DM | Conversion Costs | ||||
Determine Status of Physical Units to Convert to Equivalent Units | Physical Units | % Added This Period | Equiv. Units | % Added This Period | Equiv. Units |
- Weighted-average method
Step 2 | |||||
Equivalent Units | |||||
DM | Conversion Costs | ||||
Determine Status of Physical Units to Convert to Equivalent Units | Physical Units | % Added This Period | Equiv. Units | % Added This Period | Equiv. Units |
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date: