D Student Name > FIFO PROCESS COST Section Number -> Data Section: Percent Percent Units Materials Conversion Work in process, beginning Units completed during month Work in process, ending 60,000 210,000 30,000 100% 40% 100% 70% Costs to account for: Total Materials Conversion Beginning work in process Current Period Costs $94,800 750,000 $23,700 $71,100 600,000 150,000 Total costs to be accounted for $173,700 FORMULA1 $671,100 Objective 1- FIFO Equivalent units of production: Equivalent units Total Units Materials Conver. Units Transferred Out 210,000 FORMULA2 FORMULA4 FORMULA5 FORMULA3 Add Ending Inventory Less Beginning Inventory FORMULA6 60,000 FORMULA7 FORMULA8 Equivalent units 0 Obective 2-Costs per equivalent unit: (Must use formulas to avoid rounding errors) Materials Conver FORMULA9 FORMULA10 Total unit cost => FORMULA11 Coetnerianmont PROCESS Current ORIGINAL D F G H 29 Units Materials Conver. 20 1 Units Transferred Out 210,000 FORMULA2 FORMULA3 Add Ending Inventory Less Beginning Inventory 2 FORMULA4 FORMULA5 FORMULA6 60,000 FORMULA7 FORMULA8 4 5 6 Equivalent units 7 0 0 8 Obective 2-Costs per equivalent unit: (Must use formulas to avoid rounding errors) 2 Materials Conver FORMULA9 FORMULA10 Total unit cost FORMULA11 -> Objective 3-Cost assignment: Beginning work in process: Prior period cost Conversion of beginning work in process FORMULA12 $0 FORMULA13 Units started and completed Total transferred out FORMULA14 $0 Ending inventory work in process: Materials FORMULA15 Conversion FORMULA16 Total ending work in process Total costs accounted for (Must equal E21) 0 $0 Journal Entry Debit Credit 6/30 END QUESTION 1 What are the total costs to be accounted for? (No "$" or "," in your answer, just the numberl) QUESTION 2 What are the Objective #1 equivalent untis for conversion costs? (No "," in your answer, just the numberl) QUESTION 3 What is the Objective #2 cost per equivalent for conversion costs? (No "$" or "," in your answer, just the numberl) QUESTION 4 What is the Objective #2 cost per equivalent unit total unit cost? (No "$" or "" in your answer, just the numberl) answers Edit View Favorites Tools Help QUESTION 4 What is the Objective # 2 cost per equivalent unit total unit cost? (No "$" or "," in your answer, just the numberl) QUESTION 5 What is the Objective # 3 cost of the units started and completed? (No "$" or "," in your answer, just the numberl) QUESTION 6 What is the Objective # 3 cost assignment for total transferred out? (No "$" or"," in your answer, just the numberl) QUESTION 7 What is the Objective #3 cost assignment total ending work in process? (No "$" or "" in your answer, just the numberl) QUESTION 6 What is the Objective # 3 cost assignment for total transferred out? (No "$" or "," in your answer, just the numberl) QUESTION 7 What is the Objective #3 cost assignment total ending work in process? (No "$" or "" in your answer, just the numberl)