The Roberto company had computed the flow units for a department for the May month....
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Accounting
The Roberto company had computed the flow units for a department for the May month.
Work in process, May 1st 10,000
Started into production during May 39000
Units to be accounted for 49000
Beginning work added during the
in process current month
Materials 20800 97500
labor 5200 34920
Factory overhead 4800 32980
Total 30800 165400
Materials are added at the beginning of the process there were 8000 units of work in process may 31st. the work process May 1st was 70 percent complete as to conversion costs and the work in process May 31st was 60 percent complete as to conversion costs. Use the Fifo method for the following questions.
What is the equivalent units for materilas, labors and overheads
What is the unit cost for materials, labor, and factory overhead
What is the total cost to be account for (transferred out plus ending cost)
What is the total cost for ending balance
What is the total cost for transferred out cost
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