FIFO method. Using the FIFO method of process costing. If you did explain any difference between the cost of work completed and transferred out and the cost of ending work in process in the assembly department under the weighted average method and the FIFO method.
|
Physical Unit (Frames) |
Direct Materials |
Conversion Costs |
|
|
Work in process, April 1a |
95 |
$ 1,665 |
$ 988 |
|
Started during April 2012 |
490 |
||
|
Completed during April 2012 |
455 |
||
|
Work in process, April 30b |
130 |
||
|
Total costs added during April 2012 |
$17,640 |
$11,856 |