Question: Answers need to be in excel formulas PROBLEM Funenstlens roasts peanuts and uses the FIFO method of process costing. roasting process The company has provided

Answers need to be in excel formulas

Answers need to be in excel formulas PROBLEM Funenstlens roasts peanuts and

PROBLEM Funenstlens roasts peanuts and uses the FIFO method of process costing. roasting \"process The company has provided information relating to this month's production that is presented here. Direct materials costs added to production 5 3,400 Conversion costs added to production 3,875 Direct materials costs in beginning inventory 600 Conversion costs in beginning inventory 800 Equivalent units completed during the month For Direct materials 4,600 For conversion costs 4,450 Required: Provide input into cells shaded in yellow in this template. input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. How much total cost does Funenstlens need to account for this month? Total costs to account for Determine the com panVs cost per equivalent unit for both DM and conversion costs. For the current month. Cost per equivalent unit ' ' Direct Materials ' Conversion Costs 1 .---' Direct Materials Conversion Costs Total

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