Sandhill Company manufactures hockey pucks and soccer balls, For both products, materials are added at the...
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Sandhill Company manufactures hockey pucks and soccer balls, For both products, materials are added at the beginning of the production process and conversion costs are incurred evenly. Sandhill uses the FIFO method to calculate equivalent units of production. Production and cost data for the Assembly Department for August are as follows: Production Data-Hockey Pucks Work in process inventory units, August 1 Units started into production Work in process inventory units. August 31 Cost Data-Hockey Pucks Work in process inventory, August 1 Costs added during August Direct materials Direct labour Manufacturing overhead Production Data-Soccer Balls Work in process inventory units, August 1 Units started into production Units 800 2,000 900 $1,100 2,400 1,100 1,476 200 2,360 Percent Complete as to Conversion Costs 70% 30% 90% Manufacturing overhead Production Data-Soccer Balls Work in process inventory units, August 1 Units started into production Work in process inventory units, August 31 Cost Data-Soccer Balls Work in process inventory, August 1 Costs added during August Direct materials Direct labour Manufacturing overhead (a) 1,476 200 2,360 200 $480 3,776 990 2,460 Your answer has been saved. See score details after the due date. 90% 60% Prepare a production cost report for the month of August for the hockey pucks only. (Round unit costs to 3 decimal places, e.g. 15.251 and other answers to the nearest whole dollar, e.g. 5,275.) Quantities to be accounted for Work in process inventory, August 1 Started into production Total units to be accounted for accounted for Completed and transferred out Work in process inventory, August 1 SANDHILL COMPANY Production Cost Report-Hockey pucks Physical Units Equivalent Units of Production Materials Conversion Co accounted for Completed and transferred out Work in process inventory, August 1 Started and completed Work in process inventory, August 31 Total units costs Costs in August Equivalent units of production Unit costs Reconciliation Schedule to ho accounted for Reconciliation Schedule. to be accounted for Work in process inventory, August 1 Added into production Total costs to be accouned for accounted for Completed and transferred out Work in process inventory, August 1 Conversion costs to complete beginning inventory Started and completed in process inventory, August 31 Materials Sandhill Company manufactures hockey pucks and soccer balls, For both products, materials are added at the beginning of the production process and conversion costs are incurred evenly. Sandhill uses the FIFO method to calculate equivalent units of production. Production and cost data for the Assembly Department for August are as follows: Production Data-Hockey Pucks Work in process inventory units, August 1 Units started into production Work in process inventory units. August 31 Cost Data-Hockey Pucks Work in process inventory, August 1 Costs added during August Direct materials Direct labour Manufacturing overhead Production Data-Soccer Balls Work in process inventory units, August 1 Units started into production Units 800 2,000 900 $1,100 2,400 1,100 1,476 200 2,360 Percent Complete as to Conversion Costs 70% 30% 90% Manufacturing overhead Production Data-Soccer Balls Work in process inventory units, August 1 Units started into production Work in process inventory units, August 31 Cost Data-Soccer Balls Work in process inventory, August 1 Costs added during August Direct materials Direct labour Manufacturing overhead (a) 1,476 200 2,360 200 $480 3,776 990 2,460 Your answer has been saved. See score details after the due date. 90% 60% Prepare a production cost report for the month of August for the hockey pucks only. (Round unit costs to 3 decimal places, e.g. 15.251 and other answers to the nearest whole dollar, e.g. 5,275.) Quantities to be accounted for Work in process inventory, August 1 Started into production Total units to be accounted for accounted for Completed and transferred out Work in process inventory, August 1 SANDHILL COMPANY Production Cost Report-Hockey pucks Physical Units Equivalent Units of Production Materials Conversion Co accounted for Completed and transferred out Work in process inventory, August 1 Started and completed Work in process inventory, August 31 Total units costs Costs in August Equivalent units of production Unit costs Reconciliation Schedule to ho accounted for Reconciliation Schedule. to be accounted for Work in process inventory, August 1 Added into production Total costs to be accouned for accounted for Completed and transferred out Work in process inventory, August 1 Conversion costs to complete beginning inventory Started and completed in process inventory, August 31 Materials
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ANSWER I STATEMENT OF EQUIVALENT PRODUCTION HOCKEY PUCKS INPUT INPUT OUTPUT OUTPUT EQUIVALENT PRODUC... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Posted Date:
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