4 Exercise 6.19 Equivalent Units: FIFO Method Using the data from Exercise 6.18, compute the equivalent...

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4 Exercise 6.19 Equivalent Units: FIFO Method Using the data from Exercise 6.18, compute the equivalent units of production f

Chapter 6 Process Costing Costs assigned to $33,750. Manufactu $220,000. Holme signed to beginning work in process: direct ma

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Answer 1

Answer #1

1) Unit Cost

	Material	Conversion
Beginning WIP	90000	33750
Cost added	75000	220000
Total Cost	165000	253750
Equivalent unit	33000	29000
Cost per equivalent unit	5	8.75

2) Cost of ending WIP

	Material	Conversion	Total
Cost of ending WIP	8000*5 = 40000	4000*8.75 = 35000	75000

Cost of unit transferred out

	Material	Conversion	Total
Cost of unit transferred out	25000*5 = 125000	25000*8.75 = 218750	343750

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Answer 2

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