Problem:
1. The quantity schedule for Department 2 at the Jelenick Transport Company for the month of June 19x2is shown below.
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Quantities
|
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Units in process at beginning (all materials; conversion)
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8,000
|
|
Units started
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76,000
|
|
Units transferred to next department
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78,000
|
|
Units still in process (all materials; V3 conversion)
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6,000
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Compute the equivalent production units for material and conversion costs (labor and factory overheadj for the month, under (a) FIFO, and (b) weighted average cost.