Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen

تمرين 46

FIFO METHOD, PHYSICAL FLOW, EQUIVALENT UNITS, UNIT COSTS, COST ASSIGNMENT
Refer to the data in Problem 6-26. Assume that the FIFO method is used.
Required:
1. Prepare a physical flow schedule.
2. Calculate equivalent units of production for direct materials and conversion costs.
3. Compute unit cost. Round to three decimal places.
4. Calculate the cost of goods transferred to Painting at the end of the month. Calculate the cost of ending inventory.