Use the following information for the DepartmentX to cakulate the required for the month of June....
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Use the following information for the DepartmentX to cakulate the required for the month of June. The company uses FIFOmethod. Beginning inventory (June 1) Units of product 8 326 % of completion- direct materials 21 % % of completion-direct labour 37% % of completion- factory overhead 62 % Units started during June 39 814 Units transferred from Department X to Department Y in June 29 058 Ending inventory (June 30) 19082 Units of product % of completion- direct materials 75 % % of completion - direct labour 29 % % of completion- factory overhead 73 % Manufacturing costs during June: Direct materials 1 234 189 S Direct labour 953 456 S Factory overhead 548 971 $ Required - Calculate: 1. Physical flow of units 2. Equivalent units of production for (FIFO method): a. Direct materials b. Direct labour C. Factory overhead 3. Cost per equivalent unit Use the following information for the DepartmentX to cakulate the required for the month of June. The company uses FIFOmethod. Beginning inventory (June 1) Units of product 8 326 % of completion- direct materials 21 % % of completion-direct labour 37% % of completion- factory overhead 62 % Units started during June 39 814 Units transferred from Department X to Department Y in June 29 058 Ending inventory (June 30) 19082 Units of product % of completion- direct materials 75 % % of completion - direct labour 29 % % of completion- factory overhead 73 % Manufacturing costs during June: Direct materials 1 234 189 S Direct labour 953 456 S Factory overhead 548 971 $ Required - Calculate: 1. Physical flow of units 2. Equivalent units of production for (FIFO method): a. Direct materials b. Direct labour C. Factory overhead 3. Cost per equivalent unit
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Material Labor Overhead Opening WIP 8326 21 37 62 Units started in... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date:
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