Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 02 Aug 2017 My Price 11.00

El Paso Corporation

Assume that El Paso Corporation provides you with the following information for one of its
department’s operations for September (no new material is added in Department B):

 

     
WIP inventory—Department B    
Beginning inventory (8,800 units, 25% complete with
respect to Department B costs)		    
Transferred-in costs (from Department A) $ 43,750
Department B conversion costs   14,900
Current work (20,100 units started)    
Prior department costs   106,530
Department B costs   198,400

The ending inventory has 3,800 units, which are 50 percent complete with respect to Department B costs and 100 percent complete for prior department costs.
Required:

Use a production cost report using FIFO. (Round your amounts to the nearest whole unit/dollar except for "cost per equivalent unit" which should be rounded to two decimal places.)

Answers

Maurice Tutor
(5)
Status NEW Posted 02 Aug 2017 10:08 PM My Price 11.00

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