FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What is the cost per equivalent unit for
conversion cost using FIFO?
Lezdodis corporation manufactures a product in
three departments.
department are:
Work
Data related to the second
in
process,
beg.
(75% 1,400 u
conversion cost)
Units received from Dep't. 1
Units transferred to Dep't 3
Work in process, end (60% material, 1,000 u
30% conversion cost)
Production costs:
4,600 u
5,000 u
Work in process, beg
Cost from Dep't 1
Direct Materials
P34,842
70,380
20,440
17,526
35,052
Direct labor
Factory Overhead
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Transcribed Image Text:What is the cost per equivalent unit for conversion cost using FIFO? Lezdodis corporation manufactures a product in three departments. department are: Work Data related to the second in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 Units transferred to Dep't 3 Work in process, end (60% material, 1,000 u 30% conversion cost) Production costs: 4,600 u 5,000 u Work in process, beg Cost from Dep't 1 Direct Materials P34,842 70,380 20,440 17,526 35,052 Direct labor Factory Overhead
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