. Beginning work in process inventory units
.
Units started. 54.400
• Ending work in process inventory 4400 units that are 100% complete for materials and 60% complete for conversion costs
Unit materials cost. SS
.
Unit conversion cost. 58
Determine the costs to be assigned to the units completed and transferred out and the number of units in ending work in process
inventory
Cost assigned to units completed and transferred out
$
Cost assigned to the unitsin ending work in process inventory
$

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.