46 - Exercise47(15minutes) FIFOMethod...

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Exercise 4-7  (15 minutes) FIFO Method Ending work in process inventory: Materials Conversion Total Equivalent units of production . .............. 800 200 Cost per equivalent unit . ....................... $4.40 $1.30 Cost of ending work in process inventory $3,520 $260 $3,780 Units transferred out: Cost in beginning work in process inven- tory . ................................................ $2,700 $380 $3,080 Cost to complete the units in beginning work in process inventory: Equivalent units of production required to complete the beginning inventory 400 700 Cost per equivalent unit . ..................... $4.40 $1.30 Cost to complete the units in beginning
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This note was uploaded on 03/25/2010 for the course ACCT 202 taught by Professor Karenpierce during the Spring '10 term at LA Tech.

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