For question 19, assume Hungry Frog uses the FIFO method of…
For question 19, assume Hungry Frog uses the FIFO method of process costing. A schedule prepared using FIFO is below: Equivalent Units Physical Direct Conversion Units Materials Costs Output in terms of equivalent units: Completed and transferred out during April From beginning work in process 150 0 45 Started and completed during April 750 750 750 Work in process, ending inventory 200 200 160 Total work done this period 1100 950 955 Costs: Work in process, beginning inventory $ 360,000 $ 345,000 Costs added in April $ 1,220,700 $ 1,229,100 Total costs to account for $ 1,580,700 $ 1,574,100 Cost per equivalent unit done to date $ 1,284.95 $ 1,287.02 Assuming Hungry Frog uses FIFO, what amount of cost is assigned to the units completed and transferred out in April?
Read Details