Stage of Completion Units Materials Conversion Cost Beginning work-in-process Units started during the period Units completed and transferred Ending work-in-process 18,000 60% 20% 100,000 94,000...

a. Using FIFO method, how much cost is transferred to the next department?

b. Using FIFO method, how much is the total cost of Work in Process Inventory, End?

Stage of Completion<br>Units<br>Materials<br>Conversion Cost<br>Beginning work-in-process<br>Units started during the period<br>Units completed and transferred<br>Ending work-in-process<br>18,000<br>60%<br>20%<br>100,000<br>94,000<br>24,000<br>80%<br>40%<br>Costs follows:<br>Costs Incurred<br>Beginning work-in-process<br>Units started during the period<br>Materials Direct Labor Factory Overhead<br>$ 22,500<br>182,880<br>$ 72,000<br>468,000<br>$ 17,640<br>391,160<br>

Extracted text: Stage of Completion Units Materials Conversion Cost Beginning work-in-process Units started during the period Units completed and transferred Ending work-in-process 18,000 60% 20% 100,000 94,000 24,000 80% 40% Costs follows: Costs Incurred Beginning work-in-process Units started during the period Materials Direct Labor Factory Overhead $ 22,500 182,880 $ 72,000 468,000 $ 17,640 391,160

Jun 10, 2022

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Stage of Completion Units Materials Conversion Cost Beginning work-in-process Units started during the period Units completed and transferred Ending work-in-process 18,000 60% 20% 100,000 94,000...

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