What is the cost per equivalent unit for conversion cost using FIFO? (SOLUTIONS MUST BE IN GOOD ACCOUNTING FORM. EXCEL FORM WOULD BE GREAT. ACCOUNT TITLES ON THE LEFT, AMOUNTS ON THE RIGHT. USE TABLE IF NECESSARY. AVOID PARENTHETICAL SOLUTIONS. THANKS, A LOT!) Lezdodis corporation manufactures a product inthree departments.department are:WorkData related to the secondinprocess,beg. (75% 1,400 uconversion cost)Units received from Dep't. 1Units transferred to Dep't 3Work in process, end (60% material, 1,000 u30% conversion cost)4,600 u5,000 uProduction costs:Work in process, begCost from Dep't 1P34,84270,380Direct Materials20,44017,52635,052Direct laborFactory Overhead

The equivalent units are calculated on the basis of percentage of the work completed during the…

Answered: Lezdodis corporation manufactures a…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 17E: K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the...

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What is the cost per equivalent unit for conversion cost using FIFO?

(SOLUTIONS MUST BE IN GOOD ACCOUNTING FORM. EXCEL FORM WOULD BE GREAT. ACCOUNT TITLES ON THE LEFT, AMOUNTS ON THE RIGHT. USE TABLE IF NECESSARY. AVOID PARENTHETICAL SOLUTIONS. THANKS, A LOT!)

Lezdodis corporation manufactures a product in
three departments.
department are:
Work
Data related to the second
in
process,
beg. (75% 1,400 u
conversion cost)
Units received from Dep't. 1
Units transferred to Dep't 3
Work in process, end (60% material, 1,000 u
30% conversion cost)
4,600 u
5,000 u
Production costs:
Work in process, beg
Cost from Dep't 1
P34,842
70,380
Direct Materials
20,440
17,526
35,052
Direct labor
Factory Overhead

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