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28 Sep 2019
Data concerning a recent periodâs activity in the AssemblyDepartment, the first processing department in a company that usesprocess costing, appear below:
Materials Conversion Cost of work in process inventory at the beginning of theperiod $2,900 $590 Equivalent units of production in the ending work in processinventory 380 190 Equivalent units of production required to complete thebeginning work
in process inventory 580 1,150 Cost per equivalent unit for the period $2.40 $.60
A total of 26,000 units were completed and transferred to thenext processing department during the period. Beginning work inprocess inventory consisted of 2,600 units and`ending work inprocess inventory consisted of 1,500 units.
Required:
Using the FIFO method, compute the cost of the units transferredto the next department during the period and the cost of endingwork in process inventory.
Materials Conversion Total Cost of the units transferred to the next department $0 Cost of ending work in process inventory $0
Answer the above please! Thank you
Data concerning a recent periodâs activity in the AssemblyDepartment, the first processing department in a company that usesprocess costing, appear below:
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Jarrod RobelLv2
28 Sep 2019