4S-200
76.
Rauls Corporation uses the FIFO method in its process costing. The following data
concern the company’s Assembly Department for the month of January.
Materials
Conversion
Work in process, January 1
$14,798
$8,864
Cost added to production in the Assembly Department during
January
$93,922
$50,414
Equivalent units of production for January
3,020
2,770
Cost added during the period
(a)
Cost per equivalent unit (a)
(b)
Required:
Compute the costs per equivalent unit for the Assembly Department for January using the
FIFO method.
FIFO method:
4S-202
4S-203
77.
Hayek Corporation uses the FIFO method in its process costing. The following data
concern the company’s Mixing Department for the month of August.
Materials
Conversion
Work in process, August 1
$31,734
$30,320
Cost added to production in the Mixing Department during
August
$91,332
$81,864
Equivalent units of production for August
7,740
7,580
Cost added during the period
(a)
Cost per equivalent unit (a)
(b)
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing
Department for August using the FIFO method.
FIFO method:
4S-204
4S-205
78
.
Mottai Corporation uses the FIFO method in its process costing system. The following data
concern the company’s Assembly Department for the month of August.
Cost in beginning work in process inventory
$4,410
Units started and completed this month
3,630
Materials
Conversion
Cost per equivalent unit
$34.20
$18.50
Equivalent units required to complete the units in beginning work in
process inventory
320
110
Equivalent units in ending work in process inventory
380
231
Ending work in process inventory:
(b)
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out
of the department during August using the FIFO method.
4S-206
4S-207
79.
The following data has been provided by Klemm Inc., a company that uses the FIFO
method in its process costing system. The data concern the company’s Shaping
Department for the month of March.
Cost in beginning work in process inventory
$4,190
Units started and completed this month
2,210
Materials
Conversion
Cost per equivalent unit
$27.70
$23.90
Equivalent units required to complete the units in beginning work
in process inventory
190
160
Equivalent units in ending work in process inventory
310
264
Required:
Determine the cost of ending work in process inventory and the cost of the units
transferred out of the department during March using the FIFO method.
4S-208
4S-209
80.
In February, one of the processing departments at Mateus Corporation had beginning work
in process inventory of $20,000 and ending work in process inventory of $30,000. During
the month, $206,000 of costs were added to production and the cost of units transferred
out from the department was $196,000.The company uses the FIFO method in its process
costing system.
Required:
Construct a cost reconciliation report for the department for the month of February.
81.
In December, one of the processing departments at Moshier Corporation had ending work
in process inventory of $24,000. During the month, $293,000 of costs were added to
production and the cost of units transferred out from the department was $297,000. The
company uses the FIFO method in its process costing system.
Required:
Construct a cost reconciliation report for the department for the month of December.
4S-211
82.
In October, one of the processing departments at Moake Corporation had beginning work
in process inventory of $21,000 and ending work in process inventory of $35,000. During
the month, $247,000 of costs were added to production. The company uses the FIFO
method in its process costing system.
Required:
Construct a cost reconciliation report for the department for the month of October.
4S-212