Question: Can someone please help me with this question. I'll upvote for a fast response. Refresher produces bottle sodas in its manufacturing plant. Direct materials are
Refresher produces bottle sodas in its manufacturing plant. Direct materials are introduced at the beginning of the period and conversion costs are applied consistently throughout the process. Data for the current period are as follows: 90,000 units 130,000 units 76,000 units Beginning work in process inventory: (Completion: 60% for conversion cost) Units started in current period Ending work in process inventory: (Completion: 40% for conversion cost) Costs contained in beginning work in process inventory Direct materials $610,000 Conversion costs $478.000 Costs added during current period Direct materials $2,470,000 Conversion costs $3,010,000 Required: a. Using the weighted average cost flow assumption: determine the equivalent unit cost, work in progress for direct material and conversion cost. [13 marks] b. Using the FIFO cost flow assumption: determine the equivalent unit cost, work in progress for direct material and conversion cost. 17 marks
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