Question: Refer to the information in problem 6-43. Information From 6-43 Work-in-process inventory, February ........................................14,000 trusses Direct materials cost: 100% complete...............................................100000 Conversion: 20% complete..........................................................150000 Units started

Refer to the information in problem 6-43.

Information From 6-43

Work-in-process inventory, February ........................................14,000 trusses

Direct materials cost: 100% complete...............................................100000

Conversion: 20% complete..........................................................150000

Units started during February..................................................18,000 trusses

Units completed during February and transferred out........................17,000 trusses

Work-in-process inventory, February 29

Direct materials: 100% complete

Conversion cost: 40% complete

Costs incurred during February

Direct materials........................................................................59500

Conversion............................................................................92250

Required

Repeat Problem 6-43 using the FIFO method.

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