(Appendix 4A)Production and cost data for the month of February for Process A of the Packer Manufacturing Company were as follows:

The company uses the FIFO cost method in its process costing system.

Required:

a) Calculate the equivalent units and unit costs for February for materials and conversion costs.
b) Determine the cost transferred to finished goods.
c) Determine the amount of cost that should be assigned to the ending work-in-process and finished goods inventories.

Question

(Appendix 4A)Production and cost data for the month of February for Process A of the Packer Manufacturing Company were as follows:

The company uses the FIFO cost method in its process costing system.

Required:

a) Calculate the equivalent units and unit costs for February for materials and conversion costs.
b) Determine the cost transferred to finished goods.
c) Determine the amount of cost that should be assigned to the ending work-in-process and finished goods inventories.

Quizplus · Accepted Answer

The Answer of (Appendix 4A)Production and cost data for the month of February for Process A of the Packer Manufacturing Company were as follows: The company uses the FIFO cost method in its process costing system. Required: a) Calculate the equivalent units and unit costs for February for materials and conversion costs. b) Determine the cost transferred to finished goods. c) Determine the amount of cost that should be assigned to the ending work-in-process and finished goods inventories.

(Appendix 4A)Production and Cost Data for the Month of February