Satina Corporation's Department A has the following information: % Completed Costs Beginning Work in Process: 6,000 Units
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Question:
Satina Corporation's Department A has the following information:
% Completed | Costs | |
Beginning Work in Process: 6,000 Units | ||
Direct Materials | 100 | $43,708 |
Conversion | 40 | $35,550 |
New Units Started: 28,000 units | ||
Direct Materials | $112,000 | |
Conversion | $88,200 | |
Ending Work in Process: 2,000 units | ||
Direct Materials | 100 | |
Conversion | 50 |
Required: Complete the table below using the weighted-average and FIFO methods
Weighted-Average Equivalent Units | FIFO Equivalent Units | ||||
Physical Units | Materials | Conversion | Materials | Conversion | |
Beginning WIP | |||||
Units Started | |||||
To account for | |||||
Units Finished | |||||
Ending WIP | |||||
Total to account for | |||||
Total Equivalent Units |
Weighted Average | FIFO | |
a. Cost per Equivalent Unit | ||
b. Cost completed and transferred out | ||
c. Cost in the ending WIP inventory |
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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