Refer to the information in problem 6-43. Information From 6-43 Work-in-process inventory, February ........................................14,000 trusses Direct materials
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 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.
Step by Step Answer:
Cost Management A Strategic Emphasis
ISBN: 978-0078025532
6th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins