Question

Part 2: Process Costing
Future Robotics provides the following information for one of its
department’s operations for June (no new material is added in
Department A):
WIP inventory -- Department A
Beginning inventory (20,000 units, 55% complete with respect to Department A
costs)
Transferred-in costs (from Department Z) $110,000
Department A conversion costs 54,000
Current work (30,000 units started)
Prior department costs 275,000
Department A costs 210,000
The ending inventory has 4,000 units, which are 30 percent complete with
respect to Department A costs and 100 percent complete for prior department
costs.
Complete the following:
a. Prepare a production cost report using FIFO.
Cost

Answer 1

Answer:

Production Cost Report using FIFO is as below:

Please note Unit cost per unit is rounded off as no instruction as to rounding off is given:

Above excel with ' show formula' is given below in tow images (could not be accommodated in one image)