33. The following information is available for Department Z for the month of July: Cost Work...
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33. The following information is available for Department Z for the month of July: Cost Work in process, July 1 (70% complete) Direct materials Direct labor Manufacturing overhead Total work in process, July 1 Started in production during July Costs added: Direct materials Direct labor Manufacturing overhead Total costs added during July Units 5,000 20,000 Work in process, July 31, (80% complete) Materials are added at the beginning of the process. (Round unit to two decimal places.) 2,000 P 6,000 3,000 4,000 P13,000 P18,000 8,000 10,000 P36,000 Department Z's cost per equivalent unit of production for materials using the FIFO method would be 34. Refer to NO. 33. Department Z's cost per equivalent unit of production for conversion costs using the FIFO method would be 35. Refer to No 33. Department Z's cost of goods transferred out using the FIFO method would be 36. Refer to No. 33. Department Z's cost of ending work in process using the FIFO method would be 33. The following information is available for Department Z for the month of July: Cost Work in process, July 1 (70% complete) Direct materials Direct labor Manufacturing overhead Total work in process, July 1 Started in production during July Costs added: Direct materials Direct labor Manufacturing overhead Total costs added during July Units 5,000 20,000 Work in process, July 31, (80% complete) Materials are added at the beginning of the process. (Round unit to two decimal places.) 2,000 P 6,000 3,000 4,000 P13,000 P18,000 8,000 10,000 P36,000 Department Z's cost per equivalent unit of production for materials using the FIFO method would be 34. Refer to NO. 33. Department Z's cost per equivalent unit of production for conversion costs using the FIFO method would be 35. Refer to No 33. Department Z's cost of goods transferred out using the FIFO method would be 36. Refer to No. 33. Department Z's cost of ending work in process using the FIFO method would be
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To solve the given questions we need to calculate the cost per equivalent unit of production for materials and conversion costs using the FIFO method Given data Units Work in process July 1 70 complet... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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