Exercise 16-11a fifo: costs assigned to output lo c4, p4 the production department had $850,368 of direct materials and $649,296 of conversion costs charged to it during april. also, its beginning inventory of $167,066 consists of $118,472 of direct materials cost and $48,594 of conversion costs. using the fifo method, prepare the direct materials cost and the conversion cost per equivalent unit and assign april's costs to the department’s output. (round "cost per eup" to 2 decimal places.)

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.