5. The following applies to Donte Corporation for the month of September. All materials are added...
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5. The following applies to Donte Corporation for the month of September. All materials are added at the beginning of the production process and the company uses FIFO. Beginning Inventory 2,350 units, 40% complete Direct Materials Conversion $7,200 $1,100 Current Month's Data 10,120 units started Direct Materials Conversion $51,612 $53,904 Ending Inventory 1,000 units, 70% complete a. Compute equivalent units of production for September. b. Compute unit costs for September. C. Compute the cost of transferred production. d. Compute the cost of ending work in process being sure to show how much of the cost is materials and how much of the cost is conversion. e. Now assume that the 10,120 units that were started had $101,200 of costs already attached to them from the previous department. How would this change your answer to parts c and d? Show the computation for each. 5. The following applies to Donte Corporation for the month of September. All materials are added at the beginning of the production process and the company uses FIFO. Beginning Inventory 2,350 units, 40% complete Direct Materials Conversion $7,200 $1,100 Current Month's Data 10,120 units started Direct Materials Conversion $51,612 $53,904 Ending Inventory 1,000 units, 70% complete a. Compute equivalent units of production for September. b. Compute unit costs for September. C. Compute the cost of transferred production. d. Compute the cost of ending work in process being sure to show how much of the cost is materials and how much of the cost is conversion. e. Now assume that the 10,120 units that were started had $101,200 of costs already attached to them from the previous department. How would this change your answer to parts c and d? Show the computation for each.
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