explain how a car maintenance and repair garage might use a hybrid costing system 648417
1.The cost of beginning inventory plus the costs added during the period should equal the cost of units _____________________ plus the cost of _____________________.
2. Explain how a car maintenance and repair garage might use a hybrid costing system.
3. The following refers to units processed in Heath Printing’s binding department in June. Compute the total equivalent units of production with respect to labor for June using the weighted average inventory method.
|
|
Units of Product |
Percent of Labor Added |
|
Beginning goods in process |
150,000 |
85% |
|
Goods started |
310,000 |
100 |
|
Goods completed |
340,000 |
100 |
|
Ending goods in process |
120,000 |
25 |
4. Compute the total equivalent units of production with respect to labor for June using the FIFO inventory method.