The following cost and service activity data for the Shoe making Department are provided for the month of June:
Transferred-in applications 11,200
Applications in process, June 1, 40% complete* 2,000
Applications in process, June 31, 25% complete* 3,200
*All materials and supplies are used at the end of the process
Transferred in Direct Materials Conversion costs
Costs:
Beginning work in process $18,000 _____ $11,200
Costs added 112,000 $5,000 150,000
Required:
Using the FIFO method, prepare te following for the Shoe making department:
1. A physical flow schedule
2. An equivalent units schedule
3. Calculation of unit costs
4. Cost of ending work in process and cost of units transferred out
5. A cost reconciliation