QWE Corporation has the following information available for March of the current year.Beginning Work in Process Inventory(25% complete as to conversion)10,000 unitsStartedEnding Work in Process Inventory(30% complete as to conversion)120,000 units30,000 unitsBeginning Work in Process Inventory Costs:Material2,100Conversion2,030Current Period Costs:Material$ 33,000Conversion109, 695All material is added at the start of production and all products completed are transferred out.1. Prepare an equivalent units of production schedule usinga. FIFOb. WA2. Prepare a schedule showing the computation cost per EUP assuminga. FIFOb. WA3. Prepare a schedule showing the assignment of cost assuminga. FIFOb. WA

QWE Corporation has the following information available for March of the current year. Beginning Work in Process Inventory (25% complete as to conversion) 10,000 units 120,000 units Started Ending Work in Process Inventory (30% complete as to conversion) 30,000 units Beginning Work in Process Inventory Costs: Material Conversion $ 2,100 2,030 Current Period Costs: Material Conversion $ 33,000 109, 695 All material is added at the start of production and all products completed are transferred out. 1. Prepare an equivalent units of production schedule using a. FIFO b. WA 2. Prepare a schedule showing the computation cost per EUP assuming a. FIFO

QWE Corporation has the following information available for March of the current year. Beginning Work in Process Inventory (25% complete as to conversion) 10,000 units 120,000 units Started Ending Work in Process Inventory (30% complete as to conversion) 30,000 units Beginning Work in Process Inventory Costs: Material Conversion $ 2,100 2,030 Current Period Costs: Material Conversion $ 33,000 109, 695 All material is added at the start of production and all products completed are transferred out. 1. Prepare an equivalent units of production schedule using a. FIFO b. WA 2. Prepare a schedule showing the computation cost per EUP assuming a. FIFO

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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