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

The CANADA DRY segment includes Classic Ginger Ale.' Use the following data to compete the table right below for this product. Item Percent complete Costs incurred Materials Conversion Materials Conversion 100% 38% $ 93,600 $ 22,780 $ 124,800 $ 103,220 Physical Units 60,000 100,000 120,000 40,000 Beginning WIP inventory Units started and costs incurred Units transferred out Ending WIP inventory 90% 50% 7. (1 point each) 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
Get step-by-step solutions from verified subject matter experts
