A department uses the FIFO method of process costing. All direct
materials are added at the...
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Accounting
A department uses the FIFO method of process costing. All directmaterials are added at the beginning of the process. Thisdepartment has the following data for this month.
166 units in beginning WIP (56% complete with respect toconversion costs).
10,206 units started
184 units in ending WIP (43% complete with respect toconversion costs).
$22 direct material cost per equivalent unit
$12 conversion cost per equivalent unit
What is the department's total cost of ending WIP for this month(round final answer to nearest cent if necessary)?
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AnswerDepartments total cost of ending WIP for this month 499744 Working STEP 1 FIFO Reconciliation of Units Units already completed completed this period Material Conversion cost Material Conversion
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