Sunland Company has the following production data for March 2022: no beginning work in process inventory, 27,900 units started and completed, and 5,360 units in ending work in process inventory that are 100% complete for materials and 40% complete for conversion costs. Mora uses the FIFO method to calculate equivalent units of production. Unit materials cost is $9 and unit conversion cost is $13. The total costs to be assigned are $689,912. (a) Calculate the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost of units completed and transferred out $ Cost units in ending work in process inventory $ (b) Prepare the cost section of the production cost report for Sunland Company.

Sunland Company has the following production data for March 2022: no beginning work in process inventory, 27,900 units started and completed, and 5,360 units in ending work in process inventory that are 100% complete for materials and 40% complete for conversion costs. Mora uses the FIFO method to calculate equivalent units of production. Unit materials cost is $9 and unit conversion cost is $13. The total costs to be assigned are $689,912. (a) Calculate the costs to be assigned to the units completed and transferred out and the units in ending work in process inventory. Cost of units completed and transferred out $ Cost units in ending work in process inventory $ (b) Prepare the cost section of the production cost report for Sunland Company.

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Description: Please do not give solution in image format thanku COSTSUnit costsCosts in MarchEquivalent unitsUnit costsCosts to be accounted forIn process, March 1Costs in MarchTotal costs to be accounted for:Costs accounted forCompleted and transferred outIn pro

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5PB: Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units...

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