FIFO Jarvene Corporation uses the FIFO method in its process costing system. The following data are...

FIFO Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 370 Units started into production 4,290 Units in ending inventory 340 Units transferred to the next department 4,320 ________________________________________ Materials Conversion Percentage completion of beginning inventory 70% 30% Percentage completion of ending inventory 70% 50% ________________________________________ The cost of beginning inventory according to the company’s costing system was $7,836, of which $4,852 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178,099. The costs per equivalent unit for the month were: Materials Conversion Cost per equivalent unit $18.00 $23.00 ________________________________________ Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and of conversion in the ending inventory. 3. Compute the equivalent units of material and of conversion that were required to complete the beginning inventory. 4. Determine the number of units started and completed during the month. 5. Determine the costs of ending inventory and units transferred out.

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Jarvene Corporation uses the FIFO method in its process costing system. The following data are for...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 440 Units started into production 4,260 Units in ending inventory 280 Units transferred to the next department 4,420 Materials Conversion Percentage completion of beginning inventory 70 % 30 % Percentage completion of ending inventory 70 % 50 % The cost of beginning inventory according to the company’s...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 390 Units started into production 4,300 Units in ending inventory 260 Units transferred to the next department 4,430 Materials Conversion Percentage completion of beginning inventory 60 % 40 % Percentage completion of ending inventory 70 % 50 % The cost of beginning inventory according to the company’s...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 360 Units started into production 4,280 Units in ending inventory 320 Units transferred to the next department 4,320 Materials Conversion Percentage completion of beginning inventory 80 % 20 % Percentage completion of ending inventory 90 % 30 % The cost of beginning inventory according to the company’s...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 390 Units started into production 4,290 Units in ending inventory 340 Units transferred to the next department 4,340 Materials Conversion Percentage completion of beginning inventory 80 % 20 % Percentage completion of ending inventory 70 % 30 % The cost of beginning inventory according to the company’s...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for...

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 410 Units started into production 4,310 Units in ending inventory 310 Units transferred to the next department 4,410 Materials Conversion Percentage completion of beginning inventory 60 % 40 % Percentage completion of ending inventory 90 % 30 % The cost of beginning inventory according to the company’s...

arvene Corporation uses the FIFO method in its process costing system. The following data are for...

arvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: Units in beginning inventory 430 Units started into production 4,270 Units in ending inventory 310 Units transferred to the next department 4,390 Materials Conversion Percentage completion of beginning inventory 60 % 40 % Percentage completion of ending inventory 70 % 50 % The cost of beginning inventory according to the company’s...

Tabet Corporation uses the FIFO method in its process costing system. Operating data for the Curing...

Tabet Corporation uses the FIFO method in its process costing system. Operating data for the Curing Department for the month of March appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 5,800 70 % Transferred in from the prior department during March 57,100 Completed and transferred to the next department during March 58,800 Ending work in process inventory 4,100 90 % According to the company’s records, the conversion cost in beginning work in process inventory...

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing...

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 1,100 Materials costs $ 12,300 Conversion costs $ 22,600 Percent complete with respect to materials 75 % Percent...

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing...

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 1150? Materials costs $ 12,400? Conversion costs $ 22,650? Percent complete with respect to materials 75? % Percent complete with respect to conversion 65? % Units started into production during the month 9500? Units transferred to the next department during the month 8700?...

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing...

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 1,300 Materials costs $ 12,700 Conversion costs $ 22,800 Percent complete with respect to materials 75 % Percent complete with respect to conversion 65 % Units started into production during the month 9,800 Units transferred to the next department during the month 9,000...

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FIFO Jarvene Corporation uses the FIFO method in its process costing system. The following data are...

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