(Appendix 4A)Dita Company Uses a Process Costing System

question 161

Essay

(Appendix 4A)Dita Company uses a process costing system.The following information relates to one month's activity in the company's Curing Department:


a) (Appendix 4A) Assume that the company uses the FIFO method. Compute the following:

1. The equivalent units of production for conversion for the month.
2. The cost per equivalent unit for conversion for the month.
3. The total cost transferred out during the month.
4. The cost assigned to the ending work-in-process inventory.

b) Assume that the company uses the weighted-average cost method. Compute the following:

1. The equivalent units of production for conversion for the month.
2. The cost per equivalent unit for conversion for the month.
3. The total cost transferred out during the month.
4. The cost assigned to the ending work-in-process inventory.

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