Question

omework A Saved Help Save & Exit Submit ek my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Direct Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Materials 32,500 EUP 3,000 EUP 35,500 EUP 32,500 EUP 1,800 EUP 34,300 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 22,950 349,800 $ 372,750 Conversion $ 2,600 175,76€ $ 178,360 6 of 7 * < Prev Ô e Next > w arch o 9 A 12:31 lle 2/4

Need help with the ones i got wrong.

Answer 1

In this problem, you have done a great work.

You are so hard working.

According to your requirement, I have to Calculate :-

1) Cost per Equivalents units of production:- Materials, Equivalent units of production for Conversion

2) Cost Assignment and Reconciliation:- Cost per Equivalent units of production for Materials and Conversion.

First of all, we have take an another look on our answer while Calculating Cost per Equivalents units of production for Materials

Answer for Part 1.

You have already calculated in your answer i.e.

• Cost per Equivalents units of production for Materials = 35,500
• Cost per Equivalents units of production for Conversion = 34,300

Answer for Part 2.

We have to calculate Cost Assignment and Reconciliation for Equivalent units of production for materials.

For Calculation of Equivalent units for production of materials, we have to apply the formula.

Formula i.e. Total Cost for Materials / Equivalent units of production for materials

• Equivalent units for production of Material = $372,750 / 35,500 = 10.5

For Calculation of Equivalent units for production of Conversion, we have to apply the formula.

Formula i.e. Total Cost for Conversion / Equivalent units of production for materials

• Equivalent units for production of Conversion = $ 178,360 / 34,300 = 5.2

Thank you

Have a Nice day ahead.