The following
cost and service activity data for the Shoe making Department are provided for the
month of June:Transferred-in
applications 11200Applications in
process June 1 40% complete* 2000Applications in
process June 31 25% complete* 3200*All materials
and supplies are used at the end of the process Transferred
in Direct Materials Conversion costsCosts:Beginning work
in process $18000 _____ $11200Costs added 112000 $5000 150000Required:Using the FIFO method
prepare te following for the Shoe making department:1.
A physical flow
schedule2.
An equivalent
units schedule3.
Calculation of
unit costs4.
Cost of ending
work in process and cost of units transferred out5.
A cost reconciliation