At the start of June, the polishing department had 15,000 units in beginning inventory. During the month it received 25,000 units from the department. It started and completed 17,000 units and transferred 32,000 units to the department. It had 8,000 units ending work in process inventory. Direct materials are added at the beginning of the process. Units in beginning work in process inventory were 50% complete in respect to conversion costs. Units in ending work in process inventory were 40% complete with respect to conversion costs. Prepare the production cost report for the department for the equivalent units of production for the month of June. Use the FIFO method
At the start of June, the polishing department had 15,000 units in beginning inventory. During the month it received 25,000 units from the department. It started and completed 17,000 units and transferred 32,000 units to the department. It had 8,000 units ending work in process inventory. Direct materials are added at the beginning of the process. Units in beginning work in process inventory were 50% complete in respect to conversion costs. Units in ending work in process inventory were 40% complete with respect to conversion costs. Prepare the production cost report for the department for the equivalent units of production for the month of June. Use the FIFO method
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