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Pix Company has the following production data for March: no beginning work in process, units started and completed 32,000, and ending work in process 4,600 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $6 and unit conversion cost is $14, determine the costs to be assigned to the units transferred out and the units in ending work in process. The total costs to be assigned are $693,360.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92795500

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