Question

HW03 Send to Gradebook < Prev Next > 0.09/1 Question 3 View Policies Show Attempt History Current Attempt In Progress Your answer is partially correct Pix Company has the following production data for March: no beginning work in process, units started and completed 29,000, and ending work in process 3,300 units that are 100% complete for materials and 40% complete for conversion costs. Pox uses the FIFO method to compute equivalent units. If unit materials cost is $7 and unit conversion cost is $10. The total costs to be assiened are $529,300, prepare the cost section of the production cost report for Pix Company using the FIFO approach. PEX COMPANY (Partial) Production Cost Report For the Month Ended March 31 COSTS Conversion Costs Materials Total Unit costs Total costs Equivalent units Unit costs Casts to be accounted for In process, March 1 Started into production Total costs Costs accounted for Transferred out In process, March 1 Started and completed In process, March 31 Materials Conversion costs H Tatal costs e Textbook and Media Save for Later Last saved 14 minutes ago Attempts: 1 of 5 used Submit Answer Send to Gradebook <Prev Next >

Pix Company has the following production data for March: no beginning work in process, units started and completed 29,000, and ending work in process 3,300 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $7 and unit conversion cost is $10. The total costs to be assigned are $529,300, prepare the cost section of the production cost report for Pix Company using the FIFO approach.

PIX COMPANY (Partial) Production Cost Report For the Month Ended March 31
COSTS
		Materials		Conversion Costs		Total
Unit costs
Total costs		$enter a dollar amount		$enter a dollar amount		$enter a total of the two previous amounts
Equivalent units		enter a number of units		enter a number of units
Unit costs		$enter a dollar amount		$enter a dollar amount		$enter a total of the two previous amounts
Costs to be accounted for
In process, March 1						$enter a dollar amount
Started into production						enter a dollar amount
Total costs						$enter a total of the two previous amounts
Costs accounted for
Transferred out
In process, March 1						$enter a dollar amount
Started and completed						enter a dollar amount
In process, March 31
Materials				$enter a dollar amount
Conversion costs				enter a dollar amount		enter a subtotal of the two previous amounts
Total costs

Answer 1

$) 1 (loto Pix Company I Material (1) barreto Conversion (figure in Total 17 7 10 1. Unit & Costi Total Cost of 2,26,100 3,03,200 5, 29, 300 or Equivalent units pe 32, 300 30,200 Unit Cost 10 Cost to be accounted In proust, March 1 Started into production INSM muoka. vportowe 529. 30012 #22 Total Cost 529 300 I also wole ne bi 493 000 Coots Accounted for Tranfer Out John In poun March 1 (B) Started & completed 5 In broeds, March 31 Material Conversion Cast 23, 100 13 200 W136,300 JOM OD Total Cost ric) 5,29,300