Part 2: Process Costing Future Robotics provides the following information for one of its departments...
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Accounting
Part 2: Process Costing Future Robotics provides the following information for one of its departments operations for June (no new material is added in Department A):
WIP inventory -- Department A
Beginning inventory (20,000 units, 55% complete with respect to Department A costs)
Transferred-in costs (from Department Z) $110,000
Department A conversion costs 54,000
Current work (30,000 units started)
Prior department costs 275,000
Department A costs 210,000
The ending inventory has 4,000 units, which are 30 percent complete with respect to Department A costs and 100 percent complete for prior department costs.
Complete the following:
a. Prepare a production cost report using FIFO.
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