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Advanced Disk Drive Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were for June 2020:
Work in process, beginning inventory 151,400 units Transferred-in costs (100% complete) Direct materials (0% complete) Conversion costs (85% complete)
Transferred in during current period 451,200 units Completed and transferred out 401,000 units
Work in process, ending inventory 202,000 units Transferred-in costs (100% complete) Direct materials (0% complete) Conversion costs (65% complete)
Problem 1: Calculate equivalent units for conversion costs using the FIFO method.
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How to work out a marginal costing income statement for the company.How to work an absorption costing income statement for the company
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