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Company produces women's blouses and uses the FIFO method to account for its manufacturing costs

Accounting

Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes throug two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Conversion Direct Materials Costs 40,000 Units started and completed Units, beginning work in process: 10,000 12,000 x 0% 12,000 X 50% 6,000 Units, ending work in process: 20,000 X 100% 20,000 20,000 25 5,000 Equivalent units of output 60,000 51.000 Costs in beginning work in process were direct materials, $25,000: conversion costs $30,000. Manufacturing costs incurred during April were direct materials. 1180,000: conversion costs, $326,400. Required: 1. Prepare a physical flow schedule for April Chede My Work more Che Wones remaining

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