Wildhorse Corp. manufactures apple pie filling that it sells to its vendors in aluminum containers. Wildhorse would
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Question:
Wildhorse Corp. manufactures apple pie filling that it sells to its vendors in aluminum containers. Wildhorse would like to utilize the First-In, First-Out (FIFO) method as it believes it will produce the most accurate results. The costing information for their first month is as follows:
Aluminum | Pie Filling | Conversion Costs (CC) | ||||||
Equivalent Units | 13322 | containers | 11523 | grams | 11804 | |||
Costs in Beginning Work-in-Progress (WIP) Inventory | $1879 | $1132 | $2687 | |||||
Costs Added This Period | $42700 | $33006 | $66985 |
Based upon the information given, what is the cost per equivalent unit for the Direct Material(s) using the FIFO method?
- Aluminum, $3.35; and Pie Filling, $2.96
- Pie Filling, $5.78
- Aluminum, $3.21; and Pie Filling, $2.86
- Aluminum, $3.87
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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