Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process.
(I appreciate any help that is given. Thanks in advance!)
Brite Toothbrushes | |||||||||
Assembly Department | |||||||||
Physical | |||||||||
UNITS | units | ||||||||
Units to be accounted for: | |||||||||
Beginning work in process 50% complete as to conversion | 2,500 | ||||||||
Started into production | 55,000 | ||||||||
Total units | 57,500 | ||||||||
Equivalent units | |||||||||
Direct | CC | ||||||||
Materials | |||||||||
Units accounted for: | |||||||||
Completed & Transferred out | 45,000 | 45,000 | 45,000 | ||||||
Ending work in process 30% complete as to conversion | 12,500 | 12,500 | 3750 | ||||||
Total units | 57,500 | 57,500 | 48,750 | ||||||
COSTS | DM | CC | Total | ||||||
cost of beginning work in process | 42,500 | 7,500 | 50,000 | ||||||
Current period costs | 949,375 | 289,875 | 1,239,250 | ||||||
Total costs | 991,875 | 297,375 | 1,289,250 | ||||||
Equivalent units | 57,500 | 48,750 | |||||||
cost per equivalent unit | 17.25 | 6.1 | 23.35 | ||||||
DM | CC | Total | |||||||
Costs | |||||||||
Costs to be accounted for | |||||||||
Beginning work in process | 42,500 | 7,500 | 50,000 | ||||||
current period costs | 949,375 | 289,875 | 1,239,250 | ||||||
total costs | 991,875 | 297,375 | 1,289,250 | ||||||
Costs accounted for | |||||||||
completed & transferred out | 776,250 | 274,500 | 1,050,750 | ||||||
Ending Work in process | 215,625 | 22,875 | 238,500 | ||||||
total costs | 991,875 | 297,375 | 1,289,250 | ||||||
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of...
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to 2 decimal places.) Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXX Physical Units UNITS Units to be accounted for: Beginning work in process 50% complete as to conversion...
Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXX UNITS Physical Units Units to be accounted for: Beginning work in process 50% complete as to conversion Started into production 2,500 55,000 57,500 Total units Equivalent Units Direct Conversion Materials Cost Units accounted for: Completed and transferred out Ending work in process 30% complete as to conversion 45,000 12,500 57,500 45,000 12,500 57,500 45,000 3,750 48,750 Total units COSTS Cost of beginning...
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Required information The following information applies to the questions displayed below) During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the...
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