Williams Corporation's Department A has the following information: Required:
1. Use the FIFO method to calculate:
(a) Equivalent units.
(b) Cost per unit, rounded to three decimal places.
(c) Cost completed and transferred out, rounded to the nearest whole dollar.
(d) Cost in the ending work-in-process inventory, rounded to the nearest whole dollar.
2. Use the weighted-average method to answer a through d in requirement 1.

Question

Williams Corporation's Department A has the following information:  Required:
1. Use the FIFO method to calculate:
(a) Equivalent units.
(b) Cost per unit, rounded to three decimal places.
(c) Cost completed and transferred out, rounded to the nearest whole dollar.
(d) Cost in the ending work-in-process inventory, rounded to the nearest whole dollar.
2. Use the weighted-average method to answer a through d in requirement 1.

Quizplus · Accepted Answer

The Answer of Williams Corporation's Department A has the following information:  Required:
1. Use the FIFO method to calculate:
(a) Equivalent units.
(b) Cost per unit, rounded to three decimal places.
(c) Cost completed and transferred out, rounded to the nearest whole dollar.
(d) Cost in the ending work-in-process inventory, rounded to the nearest whole dollar.
2. Use the weighted-average method to answer a through d in requirement 1.

Williams Corporation's Department a Has the Following Information: Required