For each of the following independent cases, use FIFO costing to
determine the information requested.
Required:
a. In the beginning inventory, 4,600 units were
30 percent complete with respect to materials. During the period,
45,000 units were transferred out. Ending inventory consisted of
7,800 units that were 80 percent complete with respect to
materials. How many units were started and completed during the
period?
b. At the start of the period, 4,000 units were in
the work-in-process inventory; 3,100 units were in the ending
inventory. During the period, 9,300 units were transferred out to
the next department. Materials and conversion costs are added
evenly throughout the production process. FIFO costing is used. How
many units were started during this period?
c. Beginning inventory amounted to 1,100 units.
This period, 4,400 units were started and completed. At the end of
the period, the 2,600 units in inventory were 30 percent complete.
Using FIFO costing, the equivalent production for the period was
5,400 units. What was the percentage of completion of the beginning
inventory?
d. The ending inventory included $97,900 for
conversion costs. During the period, 40,400 equivalent units were
required to complete the beginning inventory, and 63,000 units were
started and completed. The ending inventory represented 11,000
equivalent units of work this period. FIFO costing is used. What
were the total conversion costs incurred this period?
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