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ashly138 ashly138
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6 years ago
Jackson Ltd. uses an automated process in its manufacturing operations. On September 1, the company had 15,000 units in beginning work in process which were 60% complete with respect to conversion. During the month of September, it started 100,000 into production. On September 30, there were 20,000 units in process, which were 30% complete with respect to conversion. Direct materials are added at the beginning of the process, and no units are spoiled in production.

The beginning inventory had direct materials costs of $135,900 and conversion costs of $38,500. During the month, the company issues $620,000 of direct materials and incurred $199,400 of conversion costs.

Required:
Prepare a production cost worksheet using the FIFO method. Round equivalent unit costs to the nearest cent.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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AllopaAllopa
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