(Appendix 6a)the Smith Company Manufactures a Product That Goes Through

Question 118
Essay

(Appendix 6A)The Smith Company manufactures a product that goes through two departments prior to completion.The following information is available on work in one of these departments,the Forming Department,during March: img Cost in the beginning work-in-process inventory and cost added during the month were as follows: img The Forming Department is the first department in the production process;after forming has been completed,the units are transferred to the Finishing Department. Required: a)Assuming the company uses the weighted-average method,calculate the equivalent units and unit cost for materials and conversion costs,rounded to the nearest tenth of a cent. b)(Appendix 6A)Assuming the company uses the FIFO method,calculate the equivalent units and unit cost for materials and conversion costs,rounded to the nearest tenth of a cent.