Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the...

 

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Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction Industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 Direct materials: 188% complete Conversion: 20es complete Lnits started during February Units conpleted during February and transferred out Work-in-process inventory, February 29 Direct materials: 18% complete Conversion: 4es complete Costs incurred during February Direct naterials Conversion 3,700 trusses $ 10,180 $ 14,958 17,7e0 trusses 16,700 trusses $ 58,748 $ 91,792 Required Using the FIFO method, calculate the following: 1-a. Costs per equlvalent unit. (Round your answers to 4 decimal places.) 1-b. Cost of goods completed and transferred out. (Do no round your Intermediate calculations. Round your final answer to the nearest whole dollar.) 1-C. Costs remalning In the Work-n-Process Iniventory account. (Do no round your Intermedlate calculations. Round your final answer to the nearest whole dollar.) 2. Assume that you are the company's controller. The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by Increasing the ending Inventory completion percentage from 40 to 60% to lower the unit costs, how much would unit cost be affected by this request? (Round your answer to 4 decimal places.) Direct Materials Conversion 1-a. Cost per EU 1-b. Cost of goods completed and transferred out 1-c. Costs remaining in the WIP Inventory account 2. The weighted-average cost per equivalent unit by Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction Industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 Direct materials: 188% complete Conversion: 20es complete Lnits started during February Units conpleted during February and transferred out Work-in-process inventory, February 29 Direct materials: 18% complete Conversion: 4es complete Costs incurred during February Direct naterials Conversion 3,700 trusses $ 10,180 $ 14,958 17,7e0 trusses 16,700 trusses $ 58,748 $ 91,792 Required Using the FIFO method, calculate the following: 1-a. Costs per equlvalent unit. (Round your answers to 4 decimal places.) 1-b. Cost of goods completed and transferred out. (Do no round your Intermediate calculations. Round your final answer to the nearest whole dollar.) 1-C. Costs remalning In the Work-n-Process Iniventory account. (Do no round your Intermedlate calculations. Round your final answer to the nearest whole dollar.) 2. Assume that you are the company's controller. The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by Increasing the ending Inventory completion percentage from 40 to 60% to lower the unit costs, how much would unit cost be affected by this request? (Round your answer to 4 decimal places.) Direct Materials Conversion 1-a. Cost per EU 1-b. Cost of goods completed and transferred out 1-c. Costs remaining in the WIP Inventory account 2. The weighted-average cost per equivalent unit by

Answer rating: 100% (QA)

1a Cost per Equivalent Unit 84639 1b Cost of goods completed and transferred out 150399 1c Costs remaining in the WorkinProcess Inventory account 25271 2 If Ending inventory completion percentage is i... View the full answer