Question

I tried multiple times to solve it and I can't get the right answer.

Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 103,300 90,500 29,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: $64,500 19,600 13,100 Beginning inventory costs are: Materials Direct labour Factory overhead Costs incurred during April include: Materials Direct labour Factory overhead $578,480 198,300 387,424 Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method. Materials Conversion costs Total equivalent units Calculate the unit costs for the month. (Round unit cost to 3 decimal places, e.g. 15.256.) Unit costs

Answer 1

Ques 1
	Materials	conversion costs
Work in process Jan1
16900*0%	0
16900*40%		6760
Units started and completion	73600	73600
90500-16900
ending work in process
29700*100%	29700
29700*40%		11880
Equivalent units	103300	92240
Ques 2
	Materials	conversion costs	Total
Costs	578480	585724
Equivalent units	103300	92240
Cost per unit	5.6	6.35	11.95
Ques 3
	Total	Materials	conversion costs
Beginning inventory	97200	64500	32700
Completed beginnig WIP	42926		42926
6760*6.35
started and completed	879520	412160	467360
		(73600*5.6)	(73600*6.35)
cost for unitd tfd out	1019646	476660	542986
ending WIP	241758	166320	75438
		(29700*5.6)	(11880*6.35)
Total costs	1261404	642980	618424