Question: MUST SHOW WORK!! 5. Aster Manufacturing uses the FIFO method of process costing. The following information was available for the current year: Number of units

MUST SHOW WORK!!

5. Aster Manufacturing uses the FIFO method of process costing. The following information was available for the current year:

Number of units Production Costs
Beginning work-in-process (90% complete) 20,000 $ 126,000
Units started in the current period 1,400,000 $ 8,974,000
Ending work-in-process (50% complete) 40,000
Required:
A. How many total equivalent units were completed during the year?
B. What was the cost per equivalent unit?
C. What is the cost allocated to the ending work-in-process units?
D. What is cost of goods manufactured for the year?

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