Question

Betty DeRose, Inc. operates two departments, the handling
department and the packaging department. During April,
the handling department reported the following information:

                                            % complete     % complete
                                  units         DM         conversion
work in process, April 1          27,000        60%            25%
units completed during April      46,000
work in process, April 30         32,000        70%            45%

The cost of beginning work in process and the costs added
during April were as follows:

                                   DM       Conversion     Total cost
work in process, April 1        $ 20,340     $168,690       $189,030
costs incurred during April      307,980      332,630        640,610
total costs                      328,320      501,320        829,640

Calculate the cost of goods that were started and completed
in the month of April using the FIFO process costing method.

Answer 1

• Requirement asked:
  Cost of Goods started and completed = $ 229,900

Cost of Units started & completed this period:	EUP	Cost per EUP	Total Cost
- Direct Materials	19,000.00	5.90	112,100.00
- Conversion	19,000.00	6.20	117,800.00
Total costs started & Completed this period			229,900.00 [Answer]

• Working

EUP - FIFO Method	Units	% Material	EUP Materials	% Conversion	EUP - Conversion
Units of ENDING WIP	32,000	70.0%	22,400	45.0%	14,400
Units STARTED & COMPLETED	19,000	100%	19,000	100%	19,000
Units of beginning WIP	27,000	40.00%	10,800	75%	20,250
Equivalent Units of Production			52,200		53,650
COST per EUP			Material		Conversion
Cost incurred this period			$       307,980.00		$                  332,630.00
Total Costs		Costs	$       307,980.00	Costs	$                  332,630.00
Equivalent units of production		EUP	52,200	EUP	53,650
Cost per EUP			$                5.9000		$                          6.2000