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Toyco Manufactures a Wooden Toy Product in a Two-Stage Production

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Toyco manufactures a wooden toy product in a two-stage production process.Wood material is brought into the Forming Department where it is shaped.Shaped products are then moved to the Finishing Department where metal is added.The following data is given for the Forming Department for April:
Toyco manufactures a wooden toy product in a two-stage production process.Wood material is brought into the Forming Department where it is shaped.Shaped products are then moved to the Finishing Department where metal is added.The following data is given for the Forming Department for April:     Round to two decimal places. Required:  a.	How many units were transferred to Finishing? b.	How many units were started and completed during April? c.	How many equivalent units of conversion does it take to complete the beginning inventory in the current period? d.	What is the FIFO cost assigned to the ending inventory? e.	What is the FIFO cost assigned to the units transferred out? f.	Show the T-account for the forming process. 	  Round to two decimal places.
Required:

a. How many units were transferred to Finishing?
b. How many units were started and completed during April?
c. How many equivalent units of conversion does it take to complete the beginning inventory in the current period?
d. What is the FIFO cost assigned to the ending inventory?
e. What is the FIFO cost assigned to the units transferred out?
f. Show the T-account for the forming process.
Toyco manufactures a wooden toy product in a two-stage production process.Wood material is brought into the Forming Department where it is shaped.Shaped products are then moved to the Finishing Department where metal is added.The following data is given for the Forming Department for April:     Round to two decimal places. Required:  a.	How many units were transferred to Finishing? b.	How many units were started and completed during April? c.	How many equivalent units of conversion does it take to complete the beginning inventory in the current period? d.	What is the FIFO cost assigned to the ending inventory? e.	What is the FIFO cost assigned to the units transferred out? f.	Show the T-account for the forming process.

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