Question 5: Little Boy Blue Inc. uses process costing in costing out their WIP inventory. Here is some informatio cheir WIP account for the month of June: WIP Inventory, June 1: 5,000 units (100% DM, 80% Conversion) WIP Inventory, June 30: 8,000 units (100% DM, 50% Conversion) $ 20,450 $ 26,160 30,000 units Materials Costs for WIP June 1: Conversion Costs for WIP June 1: Units Started in June: Units completed and trans. Out: Materials Costs added: 24,000 units $ 99,600 $ 210,060 Normal Spoilage is 10% of good units and Normal and Abnormal spoilage have 100% of DM and Conversion. There are Conversion Costs added: 3,000 spoiled units. With this information, please find: a. The cost per equivalent unit for direct materials using the weighted average method: b. The cost per equivalent unit for conversion costs using the weighted average method: c. Find the Total Cost of Goods manufactured using the weighted average method: d. Find the Total Cost of Ending Inventory using the weighted average method: e. The cost per equivalent unit for direct materials using the FIFO method: f. The cost per equivalent unit for conversion costs using the FIFO method: g. Find the Total Cost of Goods manufactured using the weighted FIFO method: Find the Total Cost for Ending Inventory using the FIFO method: h.

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now