Need 17A answered Pearce Company uses the FIFO method in its process costing system. The Mixing Department started the month with 400 units in process that were 10% complete, started in production 1,400 units, and transferred 1,500 unitsto the finished goods storage area. All materials are added at the beginning of the process and conversion costs occur evenly. The units in process at the end of the month are 65% complete with respect to conversion costs.The department incurred the following costs:(Click the icon to view the costs.)Read the requirements.COSTSCosts to account for:Beginning work-in-processCosts to complete beginning WIPTotal costs to account forCOSTSCosts accounted for:DirectMaterialsBeginning work-in-processCosts to complete beginning WIPTotal costs for beginning WIP8402,9403780Started and completedTransferred to finished goods294017001.73Costs added during the periodDivided by: EUP this periodCost per equivalent unit17A. Determine the cost to be transferred to the next department.Complete the partial cost f production report through the calculation of "Transferred to finished goods." (Complete all input fields. Enter a "0" for any zero balances. Abbreviations used: WIP = Work in Process.)ConversionCostsDirectMaterials1,40039725372Pearce CompanyProduction Cost Report - Mixing Department (partial)8400397219552.03ConversionCostsTotal Costs1400224069129152Total CostsCost perUnit2240Data tableDirect MaterialsConversion CostsTotalBeginning WIP$$PrintAdded this month840 $1,4002,240 $Done2,940 $3,9726,912 $Total3,7805,3729,152- XQuestion Viewerxt

Name: Need 17A answered Pearce Company uses the FIFO method in its process c
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Need 17A answered Pearce Company uses the FIFO method in its process costing system. The Mixing Department started the month with 400 units in process that were 10% complete, started in production 1,400 units, and transferred 1,500 unitsto the finish