A B C D E F G . Below is the FIFO Production Cost Report for Micca's Dino Catchers for the Month ended March 31. MDC makes plastic dinosaur toys that catch plastic balls in their mouths. At the end of March, there were 1,200 units in production that were complete as to raw materials but only 25% complete as to conversion costs. During April, the company started 5,200 more units and completed and transferred 5,400 to finished goods inventory. Costs from the April general ledger indicate the following: Direct materials 12,500 Direct Labor 6,050 Factory overehead $ 10,000 CO The units in ending inventory at the end of April were 80% complete as to direct materials and 25% complete as to conversion costs 9 10 Requirement 1: prepare the Production Cost Report on the FIFO basis for April. 11 Requirement 2: compute the per-unit cost of finished goods transferred out for the month of April, rounded to the nearest penny 12 13 14 15 Beginning work-in-process % completed in % left to complete EUS 16 Direct Materials 100% 800 0% 17 Conversion Costs 80% 20% 160 18 19 Units started and completed % complete EUS 20 Direct Materials 3,000 100% 3,000 21 Conversion Costs 100% 3,000 22 23 Units started but not completed % completed 24 Direct Materials 1,20 100% 1,200 25 Conversion Costs 25% 300 26 27 28 ENTERANSWERS + Ready Accessibility: Investigate Q Search a 9 W X hpB D E F G H 29 Micca's Dino Catchers 30 Production Cost Report 31 Month Ended March 31 32 Equivalent Units 33 Physical Direct Conversion 34 UNITS Units Materials Costs 35 Units to account for: 36 Beginning work-in-process 800 37 Started in production 4,200 38 Total units to account for 5,000 39 40 Units accounted for: 41 Beginning work-in-process 800 160 42 Started and completed 3,000 3,000 3,000 43 Total units transferred to storeroom 3,800 3,000 3,160 44 Ending work-in-process 1,200 1,200 300 45 Total units accounted for 5,000 4,200 3,460 46 47 Direct Conversion Total 48 COSTS Materials Costs Costs 49 Costs to account for: 50 Beginning work-in-process 1,200 $ 1,600 2,800 51 Costs added during the period 8,400 9,688 18,088 52 Total costs to account for 9,600.00 11,288.00 20,888 53 54 Costs added during current period 8,400 $ 9,688 55 Divided by: Total EUP 4,200 3,460 56 Cost per equivalent unit $ 2.00 $ 2.80 K > ENTERANSWERS Ready 7x Accessibility: InvestigateA B C 56 |Cost per equivalent unit $ 2.00 $ 2.80 57 58 Costs accounted for: 59 Beginning work-in-process 1,200 1,600 2,800 60 Costs to complete 448 448 61 Cost of work-in-process completed 1,200 $ 2,048 3,248 62 Started and completed 6,000 $ 8,400 14,400 63 Transferred to storeroom 7,200 $ 10,448 17,648 64 Ending work-in-process 2,400 $ 840 3,240 65 Total costs accounted for 9600 $ 11,288 $ 20 888 66 67 68 69 Cost of goods finished and transferred out 17,648 70 # of units transferred to Finished Goods 3,800 71 Cost per unit 4.64 72 73 % completed in 74 Beginning work-in-process prior month % left to complete EUs 75 Direct Materials 100% 76 Conversion Costs 25% 77 78 Units started and completed to complete EUs 79 Direct Materials 80 Conversion Costs 81 87 Ilnite started hut not romolatal K ENTERANSWERS Ready 7 Accessibility: InvestigateMicca's Dino Catchers Production Cost Report Month Ended April 30 Equivalent Units - Physical Direct Conversion UNITS . Units Materials Costs | Units to account for: 95 | Beginning work-in-process | 96 | Started in production 97 |Total units to account for 98 99 |Units accounted for: 100| Beginning work-in-process 101 Started and completed 102 | Total units transferred to storeroom 103| Ending work-in-process 104 | Total units accounted for 105 106/ 107|COSTS ENTERANSWERS Direct Conversion Materials Costs Ready ff( Accessibility: Investigate 1 B C D E F G Materials Costs 108 Costs to account for: Costs 109 Beginning work-in-process 110 Costs added during the period 111 Total costs to account for 112 13 Costs added during current period 14 Divided by: Total EUP 15 Cost per equivalent unit 16 17 Costs accounted for: 18 Beginning work-in-process 19 Costs to complete 20 Cost of work-in-process completed Started and completed Transferred to storeroom 3 Ending work-in-process Total costs accounted for Cost of goods finished and transferred out # of units transferred to Finished Goods Cost per unit