Reference no: EM132537532
Montreal Manufacturing Inc. has the following cost and production data for the month of April.
Beginning WIP 17,400 units
Started in production 103,300
Completed production 92,000
Ending WIP 28,700
The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process.
Costs pertaining to the month of April are as follows:
Beginning inventory costs are:
Materials $66,100
Direct labour 22,000
Factory overhead 16,600
Costs incurred during April include:
Materials $568,150
Direct labour 199,600
Factory overhead 391,204
Question 1: Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method.
Question 2: Calculate the unit costs for the month. (Round unit cost to 3 decimal places, e.g. 15.256.)
Question 3: Determine the costs to be assigned to the units transferred out and in ending work in process. (Round answers to 0 decimal places, e.g. 5,275.)
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