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4S-187
71.
The following data pertain to the Milling Department of Vario Corporation for July. The
company uses the FIFO method in its process costing.
Percent
Complete
Units
Materials
Conversion
Work in process, July 1
800
60%
25%
Units started into production during July
9,400
Units completed during July and transferred to the next
department
8,400
Work in process, July 31
1,800
85%
75%
Required:
Compute the equivalent units of production for both materials and conversion costs for
the Milling Department for July using the FIFO method.
4S-188
4S-189
72.
Voyer Corporation uses the FIFO method in its process costing. The following data pertain
to its Assembly Department for August.
Percent
Complete
Units
Materials
Conversion
Work in process, August 1
700
70%
30%
Units started into production during August
6,900
Units completed during August and transferred to the next
department
5,900
Work in process, August 31
1,700
50%
25%
Required:
Compute the equivalent units of production for both materials and conversion costs for
the Assembly Department for August using the FIFO method.
4S-190
4S-191
73.
Farwest Inc. uses the FIFO method in its process costing system. The following data
concern the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process
800
Percent complete with respect to materials
70%
Percent complete with respect to conversion
50%
Units started into production during the month
22,000
Work in process, ending:
Units in process
300
Percent complete with respect to materials
80%
Percent complete with respect to conversion
70%
Required:
Using the FIFO method, determine the equivalent units of production for materials and
conversion costs.
4S-192
4S-193
74.
Darver Inc. uses the FIFO method in its process costing system. The following data
concern the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process
100
Percent complete with respect to materials
80%
Percent complete with respect to conversion
60%
Costs in the beginning inventory:
Materials cost
$376
Conversion cost
$2,376
Units started into production during the
month
21,000
Units completed and transferred out
20,400
Costs added to production during the month:
Materials cost
$93,645
Conversion cost
$825,531
Work in process, ending:
Units in process
700
Percent complete with respect to materials
70%
Percent complete with respect to conversion
50%
Required:
Using the FIFO method:
a. Determine the equivalent units of production for materials and conversion costs.
b. Determine the cost per equivalent unit for materials and conversion costs.
4S-194
c. Determine the cost of ending work in process inventory.
d. Determine the cost of units transferred out of the department during the month.
4S-196
4S-197
75.
Easy Inc. uses the FIFO method in its process costing system. The following data concern
the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process
300
Percent complete with respect to materials
60%
Percent complete with respect to conversion
80%
Costs in the beginning inventory:
Materials cost
$594
Conversion cost
$8,256
Units started into production during the
month
26,000
Units completed and transferred out
25,500
Costs added to production during the month:
Materials cost
$79,732
Conversion cost
$887,626
Work in process, ending:
Units in process
800
Percent complete with respect to materials
50%
Percent complete with respect to conversion
40%
Required:
Using the FIFO method:
a. Determine the equivalent units of production for materials and conversion costs.
b. Determine the cost per equivalent unit for materials and conversion costs.
c. Determine the cost of ending work in process inventory.
4S-198
d. Determine the cost of units transferred out of the department during the month.
4S-199
