Created weight average report and fifo method

Assignment Help Financial Accounting

Reference no: EM131264910

Assume for January

Dept 1 units

Beginning WIP 1/1 0

Units started in process 10,000

Units transferred to Dept 2 8,000

Ending WIP 1/31 1,500 (1/3 complete)

Lost Units 500

Dept 1 in dollars

Beginning WIP 1/1 $0

Costs added in January

Direct Materials $4,465

Direct Labor $5,015

FOH Applied $7,225

Created a weight average report and FIFO (first-in, first-out) method

Reference no: EM131264910

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