Lezdodis corporation manufactures a product in three departments. department are: Work Data related to the second in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 Units transferred to Dep't 3 Work in process, end (60% material, 1,000 u 30% conversion cost) Production costs: 4,600 u 5,000 u Work in process, beg Cost from Dep't 1 Direct Materials P34,842 70,380 20,440 17,526 35,052 Direct labor Factory Overhead

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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100%
What is the cost per equivalent unit for conversion cost using FIFO?
 
(SOLUTIONS MUST BE IN GOOD ACCOUNTING FORM. EXCEL FORM WOULD BE GREAT. ACCOUNT TITLES ON THE LEFT, AMOUNTS ON THE RIGHT. USE TABLE IF NECESSARY. AVOID PARENTHETICAL SOLUTIONS. THANKS, A LOT!)
Lezdodis corporation manufactures a product in
three departments.
department are:
Work
Data related to the second
in
process,
beg. (75% 1,400 u
conversion cost)
Units received from Dep't. 1
Units transferred to Dep't 3
Work in process, end (60% material, 1,000 u
30% conversion cost)
4,600 u
5,000 u
Production costs:
Work in process, beg
Cost from Dep't 1
P34,842
70,380
Direct Materials
20,440
17,526
35,052
Direct labor
Factory Overhead
Transcribed Image Text:Lezdodis corporation manufactures a product in three departments. department are: Work Data related to the second in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 Units transferred to Dep't 3 Work in process, end (60% material, 1,000 u 30% conversion cost) 4,600 u 5,000 u Production costs: Work in process, beg Cost from Dep't 1 P34,842 70,380 Direct Materials 20,440 17,526 35,052 Direct labor Factory Overhead
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