29. LO.3 (FIFO EUP; cost per FIFO EUP) Use the information in Exercise 27 exceptassume that BeGone uses FIFO process costing. Prepare a schedule showing theBe Gone August 2010 computation of FIFO equivalent units of production and costper equivalent unit. 27. LO.2 (WA EUP; cost per WA EUP) BeGone manufactures spray cans of insect repel-lent. On August 1, 2010, the company had 9,800 units in the beginning WIP Inventorythat were 100 percent complete as to canisters, 60 percent complete as to other mate-rials, 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. EndingWIP 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, and10 percent complete as to overhead.Cost information for the month is as follows:Beginning WIP InventoryCanistersOther direct materialsDirect laborOverheadAugust costsCanistersOther direct materialsDirect laborOverhead$ 6,5356,1746,4311,07061,94086,79381,189160,176

The cost per equivalent unit is computed by dividing the total costs introduced during the period by…

29. LO.3 (FIFO EUP; cost per FIFO EUP) Use the information in Exercise 27 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.

29. LO.3 (FIFO EUP; cost per FIFO EUP) Use the information in Exercise 27 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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