FIFO

BEGININNING, WIP 10000

UNITS STARTED 120000
UNITS TO BE ACCOUNTED FOR 130000

step 1 MATERIALS
ACTUAL WD EP
BEGINNING, WIP 10000 - -
started and completed 90000 100% 90000
ending WIP 30000 100% 30000
total 130000 120000

STEP 2
MATERIALS 33000 120000 0.275
CONVERSION COSTS 109695 106500 1.03
TOTAL 142695 226500 1.305

STEP 3 - ASSIGNMENT OF COST

BEGINNING WIP 4130

COST ADDED TM
MATERIALS 33000
CONVERSION 109695
TOTAL 146825
COST TO BE ACCOUNTED FOR 146825

BEGINNING WIP 4130

to complete (7500x1.03) 7725 11855
STARTED AND COMPLETED 90000x1.305 117450
WIP ENDING
MATERIALS 30000 x 0.275 8250
CONVERSION 9000 x 1.03 9270
17520
COST AS ACCOUNTED FOR: 146825

WAVE METHOD
 CONVERSION COST
WD EP
75% 7500
100% 90000
30% 9000
106500