Costs charged to production: | |||||
Costs of beginning work in process | 20830 | ||||
Costs incurred this period | 546170 | ||||
Total costs to account for | 567000 | ||||
Total costs accounted for | 567000 | ||||
Difference due to rounding cost/unit | 0 | ||||
Unit reconciliation: | |||||
Units to account for: | |||||
Beginning work in process inventory | 2000 | ||||
Units started this period | 32500 | ||||
Total units to account for | 34500 | ||||
Total units accounted for: | |||||
Units completed and transferred out | 32000 | ||||
Ending work in process | 2500 | ||||
Total units accounted for | 34500 | ||||
Equivalent units of production (EUP)- weighted average method | |||||
Units | %Materials | EUP-Materials | %Conversion | EUP-Conversion | |
Units completed and transferred out | 32000 | 100% | 32000 | 100% | 32000 |
Ending work in process | 2500 | 100% | 2500 | 60% | 1500 |
Equivalent units of production | 34500 | 34500 | 33500 | ||
Cost per equivalent unit of production | Materials | Conversion | |||
Cost of beginning work in process | 18550 | 2280 | |||
Costs incurred this period | 357500 | 188670 | |||
Total costs | Costs | 376050 | Costs | 190950 | |
÷ Equivalent units of production | EUP | 34500 | EUP | 33500 | |
Cost per equivalent unit of production | 10.90 | 5.70 | |||
Cost Assignment and reconciliation | |||||
Cost of units transferred out | EUP | Cost per EUP | Total cost | ||
Direct materials | 32000 | 10.90 | 348800 | ||
Conversion | 32000 | 5.70 | 182400 | ||
Total cost transferred out | 531200 | ||||
EUP | Cost per EUP | Total cost | |||
Cost of ending work in Process | |||||
Direct materials | 2500 | 10.90 | 27250 | ||
Conversion | 1500 | 5.70 | 8550 | ||
Total Cost of ending work in Process | 35800 | ||||
Total cost accounted for | 567000 |
PLEASE HELP WITH THIS QUESTION & READ VERY CAREFULLY 14. So The following partially completed process...
The
following partially completed process cost summary describes the
July production activities of ashad company
alue: ..00 points The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Ending work in process inventory is 60% complete with respect to conversion Equivalent Units of...
The following partially completed process cost summary
describes the July production activites 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.
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....
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. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials...
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. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials...
[The following Information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. 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 36,500 EUP 4,eee EUP...
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. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 39,500 EUP 4,000 EUP 43,500 EUP Conversion com 39,500 EUP 2,400...
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. Al direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials...
The following partially completed process cost summary describes
the July production activities of Ashad Company. Its production
output is sent to its warehouse for shipping. All direct materials
are added to products when processing begins. Beginning work in
process inventory is 20% complete with respect to conversion.
Equivalent Units of Production Direct Materials Conversion Units
transferred out 40,000 EUP 40,000 EUP Units of ending work in
process 4,500 EUP 2,700 EUP Equivalent units of production 44,500
EUP 42,700 EUP Costs...
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Ending work in process inventory is 60% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Direct Materials 32,000 2,500 Conversion 32,000 1,500 Equivalent...
Required information (The following information applies to the questions displayed below.] The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 42,000 EUP...