Question

Exercise 8-33 & 8-34 (LO 8-5) The Matsui Lubricants plant uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for a partici Beginning WIP Inventory Direct materials Converslon costs $ 976 272 Current perlod costs Direct materials Conversion costs 11,440 .644 Quantity information is obtained from the manufacturing records and Includes the following Beginning Inventory i00 units (60% complete as to materials. 53% complete as to conversion) Current period units started Ending inventory 4000 units 1,200 units (40% complete as to materials 20% complete as to conversion) Section Break

Answer 1

eqgivalent production Units PosxtieutasnsUnits Ouut Cenvension Cost Matuu als tn Pene 47% 282 Beqinn iw inv exrtosuy 6 600 240 nap 100% 4000 g200 unds introduea, 4000 100% 4000 20% 240 Endin 480 t200 40% 4522 4チ20 S800 Cost pen unit Equivaltut unit Amount tniat nCot pe unt Cust R2 2. 42 1144 0 Motibual Cost 1.47 4522 tomexsion Cost 6644 Slaameut Cost Au Cost fietet Cest istel Cost Eq uivnleut units unit 5 80.80 Baginnivg Disuct Motistin 2402 2.42 14.5495.34 Convesusion Cost 9 6 80 Units introdus, Disuet Matorials 2.42 4000 S88015S60 Convession Cost 400 0 ig Diset Endi invente su 352.80 (514-YO Convession Cost 24 t.47

otal costo 460o units tvonsferre to Nest Pro eass Goo onits 1248 995 34 2243.34 → Cost nous meuwgtoA 155 60 Yooo onits ouut tean ssud quanth 1803.34