- Your answer is partially correct. The cutting process of Sunland Designs started the year with $7,250 in beginning inventory. By year-end, Sunland determined equivalent units of work done this period (from beginning to end of year) under the FIFO method as follows. DM Conversion Costs Units in beginning WIP Inventory completed this period 25 30 Units started and completed this period 705 705 Units in ending WIP Inventory 100 50 Sunland's cost per equivalent unit is $71 for DM and $34 for conversion costs. How much cost should Sunland assign to the units completed this period? How much cost should be assigned to ending WIP Inventory for the cutting process? Total cost of units completed this period $ 76820 Cost of units in ending WIP inventory +A 8800

- Your answer is partially correct. The cutting process of Sunland Designs started the year with $7,250 in beginning inventory. By year-end, Sunland determined equivalent units of work done this period (from beginning to end of year) under the FIFO method as follows. DM Conversion Costs Units in beginning WIP Inventory completed this period 25 30 Units started and completed this period 705 705 Units in ending WIP Inventory 100 50 Sunland's cost per equivalent unit is $71 for DM and $34 for conversion costs. How much cost should Sunland assign to the units completed this period? How much cost should be assigned to ending WIP Inventory for the cutting process? Total cost of units completed this period $ 76820 Cost of units in ending WIP inventory +A 8800

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter7: Inventory Cost Flow Assumptions (fifolifo)

Section: Chapter Questions

Problem 9R: Click the Chart sheet tab. On the screen is a column chart showing ending inventory costs. During a...

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