Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / John's Frozen Pizzas uses FIFO process costing

John's Frozen Pizzas uses FIFO process costing

Accounting

John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. Click the icon to view the production and cost data.) Read the requirements Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 70% complete for conversion costs. This means that for the beginning inventory % of the materials and % of the conversion costs were added during April ? Requirements 1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete for materials and 70% complete for conversion costs. This means that for the beginning inventory % of the materials and _% of the conversion costs were added during April b. On April 30, the Prepping Department ending Work-in-Process Inventory was 80% complete for materials and 60% complete for conversion costs. This means that for the ending inventory ___ % of the materials and _% of the conversion costs were added during April. 2. Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for direct materials, and conversion costs for the Prepping Department. Print Done ? Data table Prepping Department 10,000 70,000 80,000 Units to account for: Beginning work-in-process, March 31 Started in April Total units to account for Units accounted for: Completed and transferred out during April: From beginning work-in-process inventory Started and completed during April Ending work-in-process, April 30 Total units accounted for 10,000 50,000 20,000 80,000 Print Done

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE