Question: 1. Do Exercise 17-29 using the FIFO method. 2. ZanyBrainy's management seeks to have a more consistent cost per equivalent unit. Which method of process
1. Do Exercise 17-29 using the FIFO method.
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2. ZanyBrainy's management seeks to have a more consistent cost per equivalent unit. Which method of process costing should the company choose and why?
Equivalent Units PhysicalDirect Conversion Costs 9,600 Uhnins 12,000 48,000 55,000 5,000b Materials Work in process, October 1 Started in October Completed and transferred out during October Work in process, October 31 12,000 55,000 5,000 55,000 1,500 Total Costs for October 2017 Work in process, beginning Direct materials $5,760 Conversion costs Direct materials added during October Conversion costs added during October Total costs to account for 4,825 20,585 25,440 58,625 S104,650
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1 Solution Exhibit 1730A calculates the equivalent units of work done in the current period Solution Exhibit 1730B summarizes total costs to account f... View full answer
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