Picture This Company manufactures 8.5" × 11" black plastic picture frames that it sells through an e-commerce site. They are now in their third month of operations, and the Beginning Work-in-Progress (WIP) Inventory included the following costs: Direct Materials (DM), $1,980; and Conversion Costs (CC), $2,330. During the month of June, they added the following costs: DM, $9,780; and CC, $12,568. Picture This will be using the First-In, First-Out (FIFO) method for their Process Costing. How much total conversion costs will they have to account for, and how much will they include in their cost of equivalent units for conversion costs?

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The Answer of Picture This Company manufactures 8.5" × 11" black plastic picture frames that it sells through an e-commerce site. They are now in their third month of operations, and the Beginning Work-in-Progress (WIP) Inventory included the following costs: Direct Materials (DM), $1,980; and Conversion Costs (CC), $2,330. During the month of June, they added the following costs: DM, $9,780; and CC, $12,568. Picture This will be using the First-In, First-Out (FIFO) method for their Process Costing. How much total conversion costs will they have to account for, and how much will they include in their cost of equivalent units for conversion costs?

Picture This Company Manufactures 8