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Author Question: New Image Sports uses a process-costing system. For March, the company had the following activities: ... (Read 277 times)

shofmannx20

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New Image Sports uses a process-costing system. For March, the company had the following activities:

Beginning work-in-process inventory (1/3 complete)7,200 units
Units placed in production28,800 units
Good units completed21,600 units
Ending work-in-process inventory12,000 units
Cost of beginning work in process$ 6,000
Direct material costs, current$21,600
Conversion costs, current$14,400

Direct materials are placed into production at the beginning of the process. All spoilage is normal and is detected at the end of the process. Ending WIP is 60% completed as to conversion. 

Required: 
Prepare a production cost worksheet using the FIFO method.


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Marked as best answer by shofmannx20 on Mar 6, 2021

Ptupou85

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shofmannx20

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Reply 2 on: Mar 6, 2021
Wow, this really help


mammy1697

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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