Brian's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018.
____________________________________________ Prepping Department
Units to account for:
Beginning work-in-process, March 31 ............................ 20,000
Started in April ....................................................... 45,000
Total units to account for ........................................... 65,000
Units accounted for:
Completed and transferred out during April:
From beginning work-in-process inventory ...................... 20,000
Started and completed during April .............................. 30,000
Ending work-in-process, April 30 ................................ 15,000
Total units accounted for .......................................... 65,000
Requirements
1. Calculate the following:
a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 75% complete for materials and 55% complete for conversion costs. This means that for the beginning inventory % of the materials and % of the conversion costs were added during April.
b. On April 30, the Prepping Department ending Work-in-Process Inventory was 60% complete for materials and 85% complete for conversion costs. This means that for the ending inventory % of the materials and % of the conversion costs were added during April.
2. Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for direct materials and conversion costs for the Prepping Department?