Sanderson Company has the following production data for March: no beginning work

Question

Sanderson Company has the following production data for March: no beginning work in process, units started and completed 28,030, and ending work in process 3,890 units that are 100% complete for materials and 40% complete for conversion costs. Sanderson uses the FIFO method to compute equivalent units. If unit materials cost is $6 and unit conversion cost is $12.

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 $546,552.

Transferred out: ???

Ending work in process : ???

Explanation / Answer

Transferred out=504540

===================

Ending work in process :=3,890 x6+1556x12=298752

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