Janes fabrication dept. | |||||
FIFO Method: | |||||
Equivalent Units | |||||
DM | Conversion costs | ||||
Whole units | % | Units | % | Units | |
Opening WIP | 3100 | ||||
Started | 10000 | ||||
Total Units to account for | 13100 | ||||
Opening WIP | 3100 | 0 | 0 | 75 | 2325 |
Completed and tfd.( 11600 - 3100 ) | 8500 | 100 | 8500 | 100 | 8500 |
Closing WIP | 1500 | 100 | 1500 | 50 | 750 |
Total Units to account for ( EUP) | 13100 | 10000 | 11575 | ||
Option A is correct. |
how many of the ubits were started and complwted in october ane Industries manufactures plastic toys....
Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,100 models. During the month, the company completed 11,200 models, and transferred them to the Distribution Department. The company ended the month with 2,200 models in ending inventory. There were 3,300 models in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is being followed....
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