Question: The CANADA DRY segment includes 'Classic Ginger Ale.' Use the following data to compete the table right below for this product. Percent complete Costs incurred

The CANADA DRY segment includes 'Classic Ginger Ale.' Use the following data to compete the table right below for this product.

Percent complete Costs incurred

Item Physical Units Materials Conversion Materials Conversion

Beginning WIP Inventory 60000 100% 38% 93600 22780

Units started and costs incurred 100000 124800 103220

Units transferred out 120000

Ending WIP inventory 40000 90% 50%

Compute the following amounts.

a. Total equivalent units for materials (WA method)

b. Total equivalent units for conversion costs (WA method)

c. Materials cost per equivalent unit (WA method)

d. Conversion cost per equivalent unit (WA method)

e. Conversion costs assigned to units transferred out (WA method)

f. Total equivalent units for materials (FIFO method)

g. Total equivalent units for conversion costs (FIFO method)

h. Material cost per equivalent unit (FIFO method)

i. Conversion cost per equivalent unit (FIFO method)

j. Materials costs assigned to ending inventory (FIFO method)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f