Littlejohn inc produces a subassembly used in the

Reference no: EM13597220

Littlejohn, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: rod cutting, plate cutting, and welding. All materials are added at the beginning of the process. Data for the plate cutting department are as follows:

Beginning work in process

(100% materials; 30% conversion) 10,000
Units started 370,000
Direct material cost $1,850,000
Units, ending work in process
(100% materials; 80% conversion) 20,000

Required:
1. Prepare a physical flow schedule.
2. Calculate equivalent units of production for Direct materials and Conversion Costs using the weighted average method.
3. Calculate equivalent units of production for Direct materials and Conversion Costs using the FIFO method.

Reference no: EM13597220

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