Gen Combo Fundamentals Of Cost Accounting; Connect Access Card
6th Edition
ISBN: 9781260848700
Author: William N. Lanen Professor, Shannon Anderson Associate Professor, Michael W Maher
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 8, Problem 21E
Compute Equivalent Units: FIFO Method
Refer to the data in Exercise 8-20.
Required
- a. Compute the equivalent units for materials using FIFO.
- b. Compute the equivalent units for conversion costs using FIFO.
8-20 Compute Equivalent Units: Weighted-Average Method
- a. Pierce & Company provides the following information concerning the work in process at its plant:
- b. Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 40 percent complete).
- c. Started this month, 252,000 units.
- d. Transferred out, 210,000 units.
- e. Ending inventory, 140,000 units (materials are 100 percent complete; conversion costs are 45 percent complete).
Required
- a. Compute the equivalent units for materials using the weighted-average method.
- b. Compute the equivalent units for conversion costs using the weighted-average method.
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Gen Combo Fundamentals Of Cost Accounting; Connect Access Card
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