Reference no: EM132504691
Question - The following information pertains to products in the milk handling department for Moo Moo Corporation.
Work in process, beginning inventory 20,000
Direct materials 25% complete
Conversion costs 35% complete
Units started 110,000
Units transferred to quality control department 90,000
WIP, end of month ??
Direct materials 0% complete
Conversion costs 60% complete
Required -
1. Compute the number of units in work-in-process inventory at the end of the month.
2. Using the FIFO method, compute the equivalent units of production for the month with to respect to materials.
3. Using the FIFO method, compute the equivalent units of production for the month with to respect to conversion.
4. Using the weighted average method, compute the equivalent units of production for the month with to respect to materials.
5. Using the weighted average method, compute the equivalent units of production for the month with to respect to conversion.
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