Brief Exercise 1610 Pix Company has the following production

Brief Exercise 16-10 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 3,000 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 $4 and unit conversion cost is $13, 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 $571,600 Transferred out Ending work in process Click if you would like to Show Work for this question:

Solution

Transferred out = 32000*(4+13)= 544000 Ending work in process = (3000*4)+(3000*40%*13)= 27600