Nelson Corporation Nelson Corporation has the following information available for May of the current year:

Beginning Work in Process Inventory (25% complete as to conversion) 10,000 units

Started 120,000 units

Ending Work in Process Inventory (30% complete as to conversion) 30,000 units

Beginning Work in Process Inventory Costs:

Material $ 2,100

Conversion 2,030

Current Period Costs:

Material $ 33,000

Conversion 109,695

All material is added at the start of production and all products completed are transferred out. Refer to Nelson Corporation.Prepare a schedule showing the computation for cost per equivalent unit assuming the (a)FIFO and (b)weighted average method.

Question

Nelson Corporation Nelson Corporation has the following information available for May of the current year:

Beginning Work in Process Inventory	(25% complete as to conversion)	10,000 units
Started		120,000 units
Ending Work in Process Inventory	(30% complete as to conversion)	30,000 units
Beginning Work in Process Inventory Costs:
	Material	$ 2,100
	Conversion	2,030
Current Period Costs:
	Material	$ 33,000
	Conversion	109,695

All material is added at the start of production and all products completed are transferred out. Refer to Nelson Corporation.Prepare a schedule showing the computation for cost per equivalent unit assuming the (a)FIFO and (b)weighted average method.

Quizplus · Accepted Answer

The Answer of Nelson Corporation Nelson Corporation has the following information available for May of the current year:

Beginning Work in Process Inventory	(25% complete as to conversion)	10,000 units
Started		120,000 units
Ending Work in Process Inventory	(30% complete as to conversion)	30,000 units
Beginning Work in Process Inventory Costs:
	Material	$ 2,100
	Conversion	2,030
Current Period Costs:
	Material	$ 33,000
	Conversion	109,695

All material is added at the start of production and all products completed are transferred out. Refer to Nelson Corporation.Prepare a schedule showing the computation for cost per equivalent unit assuming the (a)FIFO and (b)weighted average method.

Nelson Corporation Nelson Corporation Has the Following Information Available for May of May