Star Toys manufactures wooden toys. It buys wood that they shape by hand and then...
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Star Toys manufactures wooden toys. It buys wood that they shape by hand and then add on metal and paint them. In the production department, Star had material costs of $ and conversion costs of $ at the end of March. Star Toys has the following data in April: Units Percent Workinprocess, April st Units started during April Workinprocess, April th Materials are added at the beginning of the process. Costs incurred during April are $ for materials and $ for conversion costs. Use the FIFO and WeightedAverage methods to calculate the following: a Equivalent units of production. b Cost per unit for March. c Cost per unit for April. d Cost per unit for those units finished during April. e Cost of units in inventory on April th f Units started during April.
Star Toys manufactures wooden toys. It buys wood that they shape by hand and then add on metal and paint them. In the production department, Star had material costs of $ and conversion costs of $ at the end of March. Star Toys has the following data in April:
Units Percent
Workinprocess, April st
Units started during April
Workinprocess, April th
Materials are added at the beginning of the process. Costs incurred during April are $ for materials and $ for conversion costs. Use the FIFO and WeightedAverage methods to calculate the following:
a Equivalent units of production.
b Cost per unit for March.
c Cost per unit for April.
d Cost per unit for those units finished during April.
e Cost of units in inventory on April th
f Units started during April.
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