Chapter 04 – Appendix A FIFO Method
4A-72
71. Deluz Corporation uses the FIFO method in its process costing. The following data
pertain to its Assembly Department for August.
Required:
Compute the equivalent units of production for both materials and conversion costs for the
Assembly Department for August using the FIFO method.
Chapter 04 – Appendix A FIFO Method
72. The following data pertain to the Milling Department of Gehle Corporation for July. The
company uses the FIFO method in its process costing.
Required:
Compute the equivalent units of production for both materials and conversion costs for the
Milling Department for July using the FIFO method.
Chapter 04 – Appendix A FIFO Method
73. Froment 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.
Required:
Using the FIFO method, determine the equivalent units of production for materials and
conversion costs.
Chapter 04 – Appendix A FIFO Method
74. Glazener Corporation uses the FIFO method in its process costing. The following data
pertain to its Assembly Department for June.
Required:
Determine the equivalent units of production for the Assembly Department for June using the
FIFO method.
Chapter 04 – Appendix A FIFO Method
75. The following data have been provided by Bicknese Corporation for the Circuit Prep
Department. The company uses the FIFO method in its process costing.
Required:
Determine the equivalent units of production for the Circuit Prep Department for August
using the FIFO method.
Chapter 04 – Appendix A FIFO Method
76. Clasby Corporation uses the FIFO method in its process costing. The following data
concern the company’s Assembly Department for the month of January.
Required:
Compute the costs per equivalent unit for the Assembly Department for January using the
FIFO method.
Chapter 04 – Appendix A FIFO Method
77. Kortge Corporation uses the FIFO method in its process costing. The following data
concern the company’s Mixing Department for the month of August.
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing Department
for August using the FIFO method.
Chapter 04 – Appendix A FIFO Method
4A-79
78. Dung Corporation uses the FIFO method in its process costing system. The following data
concern the company’s Assembly Department for the month of August.
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.
Chapter 04 – Appendix A FIFO Method
4A-80
AACSB: Analytic
AICPA BB: Critical Thinking
AICPA FN: Measurement
Bloom’s: Application
Learning Objective: 04A-08 Assign costs to units using the FIFO method
Level: Medium
79. The following data has been provided by Palafox 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.
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.
Chapter 04 – Appendix A FIFO Method