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SHOW WORK AND FORMULAS FOR THUMBS UP

PART A

UNIT MATERIALS COST FOR UNITS PRODUCED IN OCTOBER

PART B

COSTS FOR PART A QUESTION

Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Middelton Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for October: a. All materials are added at the beginning of the process b. Beginning work in process had 89,800 units, 35 percent complete with respect to conversion costs. c. Ending work in process had 19,900 units, 40 percent complete with respect to conversion costs. d. Started in process, 106,500 units. Required: b. What is the unit materials cost for units produced in October? Round your answers to the nearest cent. 5.09 X Equivalent Units: FIFO Method The following data are for four independent process-costing departments. Inputs are added continuously. A B D 5,000 4,000 50,000 Beginning inventory Percent completion Units started 30% 75% 60% 25,000 20,000 47,000 34,000 Ending inventory 4,000 9,000 12,000 Percent completion 20% 30% 20% Required: Compute the equivalent units of production for each of the four departments using the FIFO method. Equivalent Units Department A Department B Department Department 4. Suppose that the cost of direct materials in beginning work in process is $637,500 and that the direct materials cost incurred for October is $778,100. With these changes, answer the following: a. What is the unit materials cost for the units in BWIP? Round your answers to the nearest cent. 7.1 b. What is the unit materials cost for units produced in October? Round your answers to the nearest cent. 5.09 X MAH

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