Hi and welcome to Just Answer! I'm happy to help answer your Finance questions. Feel free to interject at any time if you need clarification.
Hi, the information you provided is just text, no numbers.. There is no financial information. Can you please provide it? Thanks
Was a breakdown of the beginning materials and conversion costs provided in the problem? I have the total but not the breakdown. Was there anything?
FIFO....PLEASE LET ME KNOW IF YOU GOING TO HELP ME WITH THIS ONE
Equiv units material = 145,000
equiv units conversion costs = 147800
I don't see the answer for these questions.
Determine:1. Direct materials cost per equivalent unit.2. Conversion cost per equivilant unit.3. Cost of the beginning work in process completed during MARCH.4. Cost of units started and completed during MARCH.5. Cost of the ending work in process.b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in MARCH?
The answers are immediately above your reply, but just in case.
Can you specify the first A & B just the total because I am not sure with all those numbers ....
Sure, sorry for the poor formatting above.
A) 5,000 units in WIP
B) Direct materials = 145,000 equivalent units
Conversion Costs = 147,800 equivalent units