Question: Exercise 4A-9 Equivalent Units; Applying Costs-FIFO Method [LO4-6, LO4-7, LO4-8] Jarvene Corporation uses the FIFO method in its process costing system. The following data are

Exercise 4A-9 Equivalent Units; Applying Costs-FIFO Method [LO4-6, LO4-7, LO4-8]

Exercise 4A-9 Equivalent Units; Applying Costs-FIFO Method [LO4-6, LO4-7, LO4-8] Jarvene Corporation

uses the FIFO method in its process costing system. The following data

are for the most recent month of operations in one of the

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department 440 4,270 310 4,400 Conversion Materials 70% 80% Percentage completion of beginning 30% inventory Percentage completion of ending inventory 40% The cost of beginning inventory according to the company's costing system was $7,839, of which $4,806 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,136. The costs per equivalent unit for the month were Materials Conversion Cost per equivalent unit $18.00 $23.00

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