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Ten Accounting Questions Assignment Fall 2014

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Question;1. Damesin Inc. uses the FIFO method in its process costing system. The following data concern theoperations of the company's first processing department for a recent month.SHOW ALL WORK FOR CREDIT.1. What are the total units started and completed during the month? (1 pt.)2. What are the total units transferred out during the month? (1 pt.)3. What are the equivalent units for materials for the month in the first processing department? (3 pts.)4. What are the equivalent units for conversion costs for the month in the first processing department? (3 pts.)NAME, ZID#5. The cost per equivalent unit for materials for the month in the first processing department is closest to: (1 pt.)6. The cost per equivalent unit for conversion costs for the first department for the month is closest to: (1 pt.)7. The cost per equivalent whole unit for the month in the first processing department is closest to:(1 pt.)8. The total cost assigned to beginning inventory is closest to: (3 pts.)9. The total cost transferred from the first processing department to the next processing departmentduring the month is closest to: (2 pts.)10. The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (2 pts.)

 

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