#7 chap 11

Current Attempt in Progress The processing department at Burly Corporation evaluated the costs associated with manufacturing paper towels for the past month. Beginning and newly added costs for May are as follows. Assuming Burly uses the FIFO method of process costing. Step 4 to determine its cost per equivalent unit for both DM and conversion costs is given below. Looking at your work in Step 4 (for both the FIFO and weighted-average methods), is there anything that directly affects the Taccount for WIP Inventory at this time? If so, explain what that is. If not, explain how that work will affect the WIP Inventory account later. Assuming Burly uses the FIFO method of process costing. Step 4 to determine its cost per equivalent unit for both DM and conversion costs is given below. Are beginning WIP Inventory costs included in these calculations? Why or why not? Assuming Burly instead uses the weighted-average method of process costing. Step 4 to determine its cost per equivalent unit for both DM and conversion costs is given below. Are beginning WIP Inventory costs included in these calculations? Why or why not