Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work-in-process inventory, February 1 4,000 trusses
Direct materials: 100% complete $10,480
Conversion: 20% complete $15,258
Units started during February 18,000 trusses
Units completed during February and transferred out 17,000 trusses
Work-in-process inventory, February 29
Direct materials: 100% complete
Conversion: 40% complete
Costs incurred during February
Direct materials $59,040
Conversion $92,092
Required:
Using the FIFO method, calculate the following:
1. Costs per equivalent unit.
2. Cost of goods completed and transferred out.
3. Cost remaining in the ending work-in-process inventory.

Part 1

M = $3.28

C = $5.06

Part 2

$141,780

Part 3

$26,520

Explanation:

1. Costs per equivalent unit.

Step 1 ; Equivalent units

Materials = 4,000 x 0 % + 13,000 x 100 % + 5,000 x 100 % = 18,000 units

Conversion Costs = 4,000 x 80 % + 13,000 x 100 % + 5,000 x 40 % = 18,200 units

Step 2 : Cost per Equivalent units

Materials = $59,040 / 18,000 units = $3.28

Conversion Costs = $92,092 / 18,200 units = $5.06

Total = $3.28 + $5.06 = $8.34

2. Cost of goods completed and transferred out.

Cost of goods completed and transferred out = 17,000 trusses x $8.34 = $141,780

3. Cost remaining in the ending work-in-process inventory.

Ending work-in-process inventory = $3.28 x 5,000 + $5.06 x 2,000 = $26,520

i this its 7 years i hope this

there is no possible way mgk stands a chance with the greatest white rapper of all time. eminem killshots had more bars than rap devil and the reason mgk is doing all this is cause he not getting attention anymore til the release of rap devil and the disses he is putting on eminem. now rap devil was more fire than killshot so mgk might won the battle with rap devil but eminem won the war with killshot.