#5

SL Question 5 Not complete Marked out of 39.00 P Flag question Equivalent Units and Product Cost Report--FIFO Method The following data (and annotations) are for the work in process account of the first of Crocker Company's four departments used in manufacturing its only product October of 2019. Work in Process-Department 1 Beginning balance (2,000 units, 70% complete) $25,100 Transferred to department 2: (20,000 units) (a) Direct material (21,000 units) 157.500 Direct labor 145,200 Manufacturing overhead 48,300 Ending balance [(b) units, 25% complete] Assuming that Crocker uses the FIFO method and that materials are added at the beginning of the process and conversion costs are incurred evenly throughout, solve for the three missing numbers. Round average cost per equivalent unit to two decimal places, if applicable. Round other answers to the nearest whole number, when appropriate. Conversion Costs Crocker Company, Department 1 Flow of Units and Equivalent Units Calculation, October 2019 Equivalent Units % in Direct % in October Materials October Complete/Transferred Beginning inventory 9 96 Started & completed 96 % Ending inventory b. 96 96 Total Product Cost Report Direct Materials $ Conversion Costs $ $ $ $ $ $ Beginning Inventory Current Total Costs to Account For + Total Equivalent Units Average cost / Equivalent unit (round 2 decimal places) Beginning inventory Costs incurred in Month O Costs incurred in Month 1 Started and finished Cost of Goods Manufactured Ending Inventory: Direct Materials Conversion costs Cost of Ending Inventory Total Costs Allocated $ a. $ C. $ $ Check