Calculate the cost to complete the units in beginning work

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Reference no: EM133502640

Question: Soda Corporation uses the FIFO method in its process costing system. The following data are for themost recent month of operations in one of the processing departments:Units in beginning inventory500Units started in production2,900Units in ending inventory400Units transferred to the next department3,000MaterialsConversionPercentage completion of beginning inventory70%30%Percentage completion of ending inventory60%50%The cost per equivalent unit for the month were $26.50 for materials and $19.30 for conversion.

Required:

a. Calculate the cost of ending work in process inventory for materials and conversion.

b. Calculate the cost to complete the units in beginning work in process inventory formaterials and conversion.

c. Calculate the costs of the units started and completed this period for materials andconversion.

Reference no: EM133502640

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