Elder Company uses the FIFO method in its process costing system. The Mixing Department started the.

Elder Company uses the FIFO method in its process costing system. The Mixing Department started the.
  Elder Company uses the FIFO method in its process costing system. The Mixing Department started the month with 400 units in process that were 10% complete, started in production 1,400 units, and transferred 1,500 units to the finished goods storage area. All materials are added at the beginning of the process and conversion costs occur evenly. The units in process at the end of the month are 65% complete with respect to conversion costs. The department incurred the following costs: WIP month Total $ 920 3,220 $ 4,140 d Direct Materials Conversion Costs 1,350 3,972 5,322 R $ 2,270 $ 7,192 $ 9,462 Total 1 Print Done DI 14A. How many units are still in process at the end of the month? Determine the formula, then enter the amounts to calculate units in process at the end of the month. In process units 15A. Compute the equivalent units of production for the Mixing Department for the current month. Elder Company Production Cost Report – Mixing Department Equivalent Units Direct Conversion Materials Costs Physical Units UNITS Units to account for: Total units to account for Units accounted for: Transferred to Finished Goods Total units accounted for 16A. Determine the cost per equivalent unit for the current period for direct materials and conversion costs. (Enter cost pe Elder Company Production Cost Report – Mixing Department COSTS Direct Materials Conversion Costs Cost per Unit Total Costs Costs to account for: Elder Company Production Cost Report – Mixing Department Cost per Direct Materials Conversion Costs Total Costs Unit COSTS Costs to account for: Total costs to account for Cost per equivalent unit 17A. Determine the cost to be transferred to the next department Complete the partial cost of production report through the calculation of “Transferred to finished goods.” (Complete all in Cost per equivalent unit 17A. Determine the cost to be transferred to the next department. Complete the partial cost of production report through the calculation of “Transferred to finished goods.” (Complete all inpu Elder Company Production Cost Report – Mixing Department (partial) Direct Materials Conversion Costs Total Costs COSTS Costs accounted for Total costs for beginning WIP Transferred to finished goods May 16 2022 03:11 PM

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