Solution-Make a schedule showing the computation for cost

Make a schedule showing the computation for cost

Assignment Help Cost Accounting

Reference no: EM132982742

Question - Howard Company has the following information for its 1st department available for January:

Beginning Work in Process Inventory (25% done as to conversion) 10,000 units

Started in process 120,000 units

Ending Work in Process Inventory (30% done as to conversion) 30,000 units

Beginning Work in Process Inventory Costs:

Material P21,000

Conversion 20,300

Current Period Costs:

Material P330,000

Conversion 1,090,000

All material is added at the start of production and all products completed are transferred out.

Requirements -

a. Refer to Howard Company. Make an equivalent unit schedule using the (a) FIFO and (b) weighted average method.

b. Refer to Howard Company. Make a schedule showing the computation for cost per equivalent unit assuming (a) FIFO and (b) weighted average method.

Reference no: EM132982742

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Make a schedule showing the computation for cost

Reference no: EM132982742

Reference no: EM132982742

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