Explain how the manufacturing costs incurred during the month of september is $440,400.Part 2 : Required: Use the FIFO method, calculate cost per equivalent unit of conversion costs for the month of September.#Please no solution in image thanku# Barker Ltd produces engine part F322 in a single process, Steel is added at the beginning and plasticis added at the 50% stage. Conversion costs are added uniformly.Activity for the month of September was:Opening inventory (80% complete)Units StartedClosing Inventory (60% complete)Cost details4,000 units23,000 units3,000 unitsSteelPlasticOpening WIP$ 21,500$ 8,000Cost Incurred during September $114,000 $46,400Factory overhead is applied at 150% of the direct labour cost.Conversion$35,000$284,500The conversion cost for September includes $172,500 of actual overhead, with the remainder thedirect labour cost for the month.Required: Calculate the amount of manufacturing costs incurred during the month of SeptemberDo not use the dollar sign $ in your answer. To be marked correct just enter your answer in dollars androunded to the nearest dollar

Weighted average and FIFO are two common methods used in process costing. Under FIFO, Equivalent…

Explain how the manufacturing costs incurred during the month of september is $440,400. Part 2 : Required: Use the FIFO method, calculate cost per equivalent unit of conversion costs for the month of September. #Please no solution in image thanku#

Explain how the manufacturing costs incurred during the month of september is $440,400. Part 2 : Required: Use the FIFO method, calculate cost per equivalent unit of conversion costs for the month of September. #Please no solution in image thanku#

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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