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Category > Accounting Posted 23 Jul 2017 My Price 7.00

BeGone manufactures spray

(FIFO EUP; cost per FIFO EUP) BeGone manufactures spray cans of insect repel-lent. On August 1, 2010, the company had 9,800 units in the beginning WIP Inventory that were 100 percent complete as to canisters, 60 percent complete as to other materials, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During August, BeGone started 81,500 units in the manufacturing process. Ending WIP Inventory included 4,600 units that were 100 percent complete as to canisters,40 percent complete as to other materials, 20 percent complete as to direct labor, and 10 percent complete as to overhead. Cost information for the month is as follows:

Beginning WIP Inventory

  

Canisters

$ 6,535

Other direct materials

6,174

Direct labor

6,431

Overhead

1,070

August costs

  

Canisters

61,940

Other direct materials

86,793

Direct labor

81,189

Overhead

160,176

Use the information except assume that BeGone uses FIFO process costing. Prepare a schedule showing the BeGone August 2010 computation of FIFO equivalent units of production and cost per equivalent unit.

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Maurice Tutor
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Status NEW Posted 23 Jul 2017 11:07 PM My Price 7.00

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