Question: Easy Incorporated uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a

Easy Incorporated uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month

Work in process, beginning:

Units in process

Percenti complete with respect to materials

Percent complete with respect to conversion

Costs in the beginning inventory:

Materials cost

Conversion cost

Units started into production during the month

Units completed and transferred out

Costs added to production during the month:

Materials cost

Conversion cost

Work in process, ending:

Units in process

Percent complete with respect to materials

Percent complete with respect to conversion

Required:

Using the FIFO method:

1,050

90%

10%

$ 1,854

$ 1,446

23,900

24,000

$ 71,471

$ 543,098

950

70%

a. Determine the equivalent units of production for materials and conversion costs.

b. Determine the cost per equivalent unit for materials and conversion costs.

c. Determine the cost of ending work in process inventory.

d. Determine the cost of units transferred out of the department during the month.

Complete this question by entering your answers in the tabs below

ces

Req A and B

Req C and D

a. Determine the equivalent units of production for materials and conversion costs.

b. Determine the cost per equivalent unit for materials and conversion costs. (Round our answers to 2 decimal places.)

Materials

Conversion

a. Equivalent units of production

b. Cost per equivalent unit

Reg C and D >

Easy Incorporated uses the FIFO method in its process costing system.

The following data concern the operations of the company's first processing department

Easy Incorporated uses the FFO method in its process costing system. The following data concern the operations of the compary/s first processing department for a recent month. Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materiais and conversion costs. c. Determine the cost of ending work in process inventory d. Determine the cost of units transferred out of the department during the month. using the titu meunoa: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d. Determine the cost of units transferred out of the department during the month. Complete this question by entering your answers in the tabs below. a. Determine the equivalent units of production for materials and conversion costs. Easy Incorporated uses the FFO method in its process costing system. The following data concern the operations of the compary/s first processing department for a recent month. Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materiais and conversion costs. c. Determine the cost of ending work in process inventory d. Determine the cost of units transferred out of the department during the month. using the titu meunoa: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d. Determine the cost of units transferred out of the department during the month. Complete this question by entering your answers in the tabs below. a. Determine the equivalent units of production for materials and conversion costs

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