please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method andit reports the following data. Units completed in the Assembly department are transferred to the Painting department.Direct materials Conversion PercentUnits. Percent Complete75,000900,000885,00090,000$ 134,40045,90060%$ 180,300Beginning work in process inventoryUnits started this periodUnits completed and transferred outEnding work in process inventoryProduction cost information for the Assembly department follows.Beginning work in processDirect materialsConversionCosts added this periodDirect materials$ 3,693,600Conversion2,690,100 $ 6,383,700Calculate the equivalent units of production for both direct materials and conversion for the Assembly department.Complete40%80%30%

Direct material cost is the cost of raw material produced or purchased to produce the final…

A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the Assembly department are transferred to the Painting department. Units 75,000 900,000 885,000 90,000 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Production cost information for the Assembly department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials. Conversion $ 134,400 Direct materials Conversion Percent Percent Complete Complete 40% 45,900 $ 180,300 60% 80% 30% $ 3,693,600 2,690,100 $ 6,383,700 Calculate the equivalent units of production for both direct materials and conversion for the Assembly department.

A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the Assembly department are transferred to the Painting department. Units 75,000 900,000 885,000 90,000 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Production cost information for the Assembly department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials. Conversion $ 134,400 Direct materials Conversion Percent Percent Complete Complete 40% 45,900 $ 180,300 60% 80% 30% $ 3,693,600 2,690,100 $ 6,383,700 Calculate the equivalent units of production for both direct materials and conversion for the Assembly department.

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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