Equivalent Units, Cost per Equivalent Unit, Applying Costs—FIFO Method
Refer to the data for the Mixing Department in Honeybutter, Inc., in Problem 4–14. Assume that the company uses the FIFO method rather than the weighted-average method in its process costing system.
Required:
1. Determine the equivalent units for June for the Mixing Department.
2. Compute the costs per equivalent unit for June for the Mixing Department.
3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Mixing Department in June.
4. Prepare a cost reconciliation report for the Mixing Department for June.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.