FIFO Method The following pertains to the Cereal Division of McKenzie Corporation. Conversion costs for this division were 80 percent complete as to beginning work-in-process inventory and 50 percent complete as to ending work-in-process inventory. Information about conversion costs for July is as follows: 11eb7cd0_656d_d2b0_ba5d_4995df7dae17_SM1700_00 The Cereal Division uses FIFO. Required a. What was the conversion cost of work-in-process inventory in the Cereal Division at July 31 b. What were the conversion costs per equivalent unit produced last period and this period, respectively ( CPA adapted )

Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

النسخة 2الرقم المعياري الدولي: 978-0077274993

Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

النسخة 2الرقم المعياري الدولي: 978-0077274993

تمرين 19

FIFO Method
The following pertains to the Cereal Division of McKenzie Corporation. Conversion costs for this division were 80 percent complete as to beginning work-in-process inventory and 50 percent complete as to ending work-in-process inventory. Information about conversion costs for July is as follows:

The Cereal Division uses FIFO.
Required
a. What was the conversion cost of work-in-process inventory in the Cereal Division at July 31
b. What were the conversion costs per equivalent unit produced last period and this period, respectively
( CPA adapted )

التوضيح

موثّق

To calculate the costs per equivalent un...