BigSmoker Incorporated produces hardwood pellets for barbecue aficionados. BigSmoker uses the first in first out FIFO method of
process costing. All direct materials are assumed to be added at the beginning of the period, while conversion costs are added
uniformly throughout production. BigSmoker had units in beginning workinprocess inventory on February During February,
production was started on an additional units. Ending workinprocess EWIP at the end of February was units.
Management estimates that beginning workinprocess inventory was percent complete for direct materials and percent
complete for conversion costs. Ending workinprocess inventory was estimated to be percent complete for direct materials and
percent complete for conversion costs.
Costs incurred during January for February's beginning workinprocess BWIP units totaled $ for direct materials and
$ for conversion costs.
During February, production costs included $ in direct materials and $ for conversion costs.
Required:
Answer is complete but not entirely correct.
Why are my answers of $ and incorrect?
