Question: I need the answer for conversion costs, and can yiu show the steps on how you got the answer ? Gucci Ollica SR Imported from

Gucci Ollica SR Imported from Sa. e men's Fashion eBook Calculator Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September 3. All materials are added at the beginning of the process. b. Beginning work in process had 94,500 units, 30 percent complete with respect to conversion costs. c. Ending work in process had 13,000 units, 25 percent complete with respect to conversion costs. d. Started in process, 96,000 units. Required: 1. Prepare a physical flow schedule. Heap Company Physical Flow Schedule Units to account for: Units, beginning work in process Units started 94.00 Total is to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units, ending work in process Previous Next Check My Work All worse Emal instructor Save and it Sun Augen for Grading MacBook Air # $ 4 & 7 9 0 8 5 6 R U K L H F V B N. M CengageNOWV2 On om Disney ESPN W Yahoo! Apple Victoria's Secret Y LOUIS VUITTON. Queel Oficial Site Imported from se O Women's Fashion eBook Calculator Total units accounted for 1. The physical flow schedule traces the units in process regardless of the stage of completion and provides the information needed for preparing the equivalent units schedule 2. Compute equivalent units using the weighted werage method Weighted average methodi Equivalent Units Direct Materials 190,500 Conversion Costs 180,750 3. Compute equivalent units using the FIFO method FIFO method Equivalent Units Direct Materials 96,000 Conversion Costs 151,225 2. To calculate equivalent units, weighted average counts prior period output in WP as belonging to the current period. So al completed units are treated as outout of the current period Check My Work Previous All saved Email Save and Subtment for Grading MacBook Air - 80, * $ 4 % 5 & 7 8 9 6 3 E R T Y H D L F C B B 3 N
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
