Sierra Co. has provided the following information: Using the FIFO method of process costing, complete each of the following:
a. How many units were completed and transferred to Finished Goods?
b. Calculate equivalent units.
c. Calculate cost per equivalent unit.
d. What is the dollar amount transferred to Finished Goods?
e. Calculate the cost of the ending Work in Process.

Question

Sierra Co. has provided the following information:  Using the FIFO method of process costing, complete each of the following:
a. How many units were completed and transferred to Finished Goods?
b. Calculate equivalent units.
c. Calculate cost per equivalent unit.
d. What is the dollar amount transferred to Finished Goods?
e. Calculate the cost of the ending Work in Process.

Quizplus · Accepted Answer

The Answer of Sierra Co. has provided the following information:  Using the FIFO method of process costing, complete each of the following:
a. How many units were completed and transferred to Finished Goods?
b. Calculate equivalent units.
c. Calculate cost per equivalent unit.
d. What is the dollar amount transferred to Finished Goods?
e. Calculate the cost of the ending Work in Process.

Sierra Co Has Provided the Following Information: Using the FIFO