DJH Company uses FIFO process costing. Data are as follows: Beginning inventory 20% complete Units completed during period Ending inventory 30% complete 15,000 units 200,000 units 19,000 units The cost of the beginning inventory was $3,180 and current period production costs were $222, 970. a. Compute equivalent production. b. Compute the unit cost. c. Compute the cost of the ending inventory of work in process. d. Compute the cost of goods completed and transferred to finished goods inventory.
DJH Company uses FIFO process costing. Data are as follows: Beginning inventory 20% complete Units completed during period Ending inventory 30% complete 15,000 units 200,000 units 19,000 units The cost of the beginning inventory was $3,180 and current period production costs were $222, 970. a. Compute equivalent production. b. Compute the unit cost. c. Compute the cost of the ending inventory of work in process. d. Compute the cost of goods completed and transferred to finished goods inventory.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Activity 2
DJH Company uses FIFO process costing.
Data are as follows:
Beginning inventory 20% complete
Units completed during period
Ending inventory 30% complete
15,000 units
200,000 units
19,000 units
The cost of the beginning inventory was $3,180 and current period
production costs were $222,970.
a. Compute equivalent production.
b. Compute the unit cost.
c. Compute the cost of the ending inventory of work in process.
d. Compute the cost of goods completed and transferred to finished goods
inventory.
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