Pix Company has the following production data for March: no
beginning work in process, units started and completed 28,000, and
ending work in process 4,300 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 $6
and unit conversion cost is $11. The total costs to be assigned are
$520,720, prepare the cost section of the production cost report
for Pix Company using the FIFO approach.
PIX COMPANY |
||||||
---|---|---|---|---|---|---|
COSTS |
||||||
|
Conversion |
|
||||
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 |
$enter a total amount of costs accounted for |
prepare the cost section of the production cost report for Pix Company using the FIFO approach.
PIX COMPANY |
||||||
---|---|---|---|---|---|---|
COSTS |
||||||
|
Conversion |
|
||||
Unit costs |
||||||
Total costs |
193800 | 326920 | 520720 | |||
Equivalent units |
32300 | 29720 | ||||
Unit costs |
6 | 11 | 17 | |||
Costs to be accounted for |
||||||
In process, March 1 |
0 | |||||
Started into production |
520720 | |||||
Total costs |
520720 | |||||
Costs accounted for |
||||||
Transferred out |
||||||
In process, March 1 |
0 | |||||
Started and completed |
476000 | |||||
In process, March 31 |
||||||
Materials |
25800 | |||||
Conversion costs |
18920 | 44720 | ||||
Total costs |
520720 |
Pix Company has the following production data for March: no beginning work in process, units started...
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...
Sunland Company has the following production data for March: no beginning work in process, units started and completed 32,000, and ending work in process 3,200 units that are 100% complete for materials and 40% complete for conversion costs. Sunland uses the FIFO method to compute equivalent units. If unit materials cost is $4 and unit conversion cost is $13. The total costs to be assigned are $573,440, prepare the cost section of the production cost report for Sunland Company using...
Pix Company has the following production data for March: no beginning work in process, units started and completed 27,000, 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 $6 and unit conversion cost is $10. The total costs to be assigned are $465,000, prepare the cost section of the production cost report for Pix Company using...
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 5,300 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 $5 and unit conversion cost is $15. The total costs to be assigned are $638,300, prepare the cost section of the production cost report for Pix Company using...
Pix Company has the following production data for March: no beginning work in process, units started and completed 33,000, and ending work in process 5,900 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 $5 and unit conversion cost is $11. The total costs to be assigned are $583,460, prepare the cost section of the production cost report for Pix Company using...
Mora Company has the following production data for March: no beginning work in process, 33,500 units started and completed, and 4,960 units in ending work in process that are 100% complete for materials and 40% complete for conversion costs. Mora uses the FIFO method to calculate equivalent units. Unit materials cost is $6 and unit conversion cost is $13. The total costs to be assigned are $692,052.(a) Calculate the costs to be assigned to the units transferred out and the...
Pix Company has the following production data for March: no beginning work in process, units started and completed 29,500, and ending work in process 5,100 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 $5 and unit conversion cost is $14, determine the costs to be assigned to the units transferred out and the units in ending work in process. The total...
Sunland Company has the following production data for March: no beginning work in process, units started and completed 32,000, and ending work in process 3,200 units that are 100% complete for materials and 40% complete for conversion costs. Sunland uses the FIFO method to compute equivalent units. If unit materials cost is $4 and unit conversion cost is $13. The total costs to be assigned are $573,440, prepare the cost section of the production cost report for Sunland Company using...
The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 6,260 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $35,188; labor $21,500; overhead $35,438. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) QUIK FURNITURE...
ark < Question 5 of 13 - / 1 > Current Attempt in Progress Pix Company has the following production data for Marche no beginning work in process, units started and completed 32,500, and ending work in process 4,300 units that are 100% complete for materials and 40% complete for conversion costs. Plx uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $15. The total costs to be assigned are...