Answer Happy

Kevin's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2024. (Click the icon to view the production and cost data.) Read the requirements. C Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 70% complete for materials and 45% complete for conversion costs. This means that for the beginning inventory % of the materials and % of the conversion costs were added during April. Requirement 1b. On April 30, the Prepping Department ending Work-in-Process Inventory was 20% complete for materials and 40% complete for conversion costs. This means that for the ending inventory % of the materials and % of the conversion costs were added during April. Requirement 2. Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for direct materials, and conversion costs for the Prepping Department.
Requirement 2. Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for direct materials, and conversion costs for the Prepping Department. Kevin's Frozen Pizzas Production Cost Report - Prepping Department (Partial) Month Ended April 30 UNITS Units to account for: THI Physical Units Equivalent Units Direct Materials Conversion Costs
Total units to account for Units accounted for: Transferred to Cooking Department Total units accounted for
Data table Units to account for: Beginning work-in-process, March 31 Started in April Total units to account for Units accounted for: Completed and transferred out during April: From beginning work-in-process inventory Started and completed during April Ending work-in-process, April 30 Total units accounted for Prepping Department 25,000 60,000 85,000 25,000 45,000 15,000 85,000