Reference no: EM13489029

The following cost and service activity data for the Shoe making Department are provided for the month of June:

 

Transferred-in applications                                                           11,200

Applications in process, June 1, 40% complete*                                2,000

Applications in process, June 31, 25% complete*                              3,200

*All materials and supplies are used at the end of the process

 

                                                Transferred in           Direct Materials         Conversion costs

Costs:

Beginning work in process            $18,000                             _____                          $11,200

Costs added                                112,000                            $5,000                         150,000

 

Required:

 

Using the FIFO method, prepare te following for the Shoe making department:

1.      A physical flow schedule

2.      An equivalent units schedule

3.      Calculation of unit costs

4.      Cost of ending work in process and cost of units transferred out

5.      A cost reconciliation