MUST SHOW WORK!! 5. Aster Manufacturing uses the FIFO method of process costing. The following...
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Accounting
MUST SHOW WORK!!
5. Aster Manufacturing uses the FIFO method of process costing. The following information was available for the current year:
| Number of units | Production Costs | ||
| Beginning work-in-process (90% complete) | 20,000 | $ 126,000 | |
| Units started in the current period | 1,400,000 | $ 8,974,000 | |
| Ending work-in-process (50% complete) | 40,000 | ||
| Required: | |||
| A. How many total equivalent units were completed during the year? | |||
| B. What was the cost per equivalent unit? | |||
| C. What is the cost allocated to the ending work-in-process units? | |||
| D. What is cost of goods manufactured for the year? | |||
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