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    Jan 30, 2007, 02:40 PM
    Using the FIFo method
    Please help.
    How do I calculate this problem utilizing both the FIFo method and the weighted-average method?

    1. Inventory begins with no work in progress.
    2. 270,00 butes transrerred in from prior processing
    3. 250,000 units were completed and sold.
    4. Costs transferred in from prior deptment totaled $49,221.
    5. No materials are addid in the fianl processing department.
    6. A total of $16,320,000 of conversion cost was incurred in final processing during the year.
    (the units in the ending inventory in final processing are 25% complete )


    Thanks!!

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