Star Toys manufactures wooden toys. It buys wood that they shape by hand and then add on metal and paint them. In the production department, Star had material costs of $ and conversion costs of $ at the end of March. Star Toys has the following data in April:
Units Percent
Workinprocess, April st
Units started during April
Workinprocess, April th
Materials are added at the beginning of the process. Costs incurred during April are $ for materials and $ for conversion costs. Use the FIFO and WeightedAverage methods to calculate the following:
a Equivalent units of production.
b Cost per unit for March.
c Cost per unit for April.
d Cost per unit for those units finished during April.
e Cost of units in inventory on April th
f Units started during April.
