The following selected account balances for the year ended December 31 are provided for Amita Company:
In addition,you have the following information about inventories during the year:
Cleaning supplies are in the factory.
Assume the company uses FIFO.
Required:
(a. )Calculate the cost of the 27,600 equivalent units that were produced during the year.
(b. )Calculate the cost of the ending finished goods inventory.
(c. )Calculate the cost of goods sold.

Question

The following selected account balances for the year ended December 31 are provided for Amita Company:  
In addition,you have the following information about inventories during the year:  
Cleaning supplies are in the factory.
Assume the company uses FIFO.
Required:
(a. )Calculate the cost of the 27,600 equivalent units that were produced during the year.
(b. )Calculate the cost of the ending finished goods inventory.
(c. )Calculate the cost of goods sold.

Quizplus · Accepted Answer

The Answer of The following selected account balances for the year ended December 31 are provided for Amita Company:  
In addition,you have the following information about inventories during the year:  
Cleaning supplies are in the factory.
Assume the company uses FIFO.
Required:
(a. )Calculate the cost of the 27,600 equivalent units that were produced during the year.
(b. )Calculate the cost of the ending finished goods inventory.
(c. )Calculate the cost of goods sold.

The Following Selected Account Balances for the Year Ended December