Glencove Co. makes one model of radar gun used by law enforcement officers. All direct materials are
Question:
Required:
1. Using the weighted-average method of process costing, complete each of the following steps:
a. Reconcile the number of physical units worked on during the period.
b. Calculate the number of equivalent units.
c. Calculate the cost per equivalent unit rounded to five decimal places.
d. Reconcile the total cost of work in process.
2. Summarize the preceding steps in a September production report for GlencoveCompany.
Transcribed Image Text:
Units Costs Beginning work in process (40% complete) Direct materials Conversion cost Total cost of beginning work in process $1,336,500 625,800 $1,962,300 Number of units started Number of units completed and transferred to finished goods Ending work in process (75% complete) Current period costs 36,400 34,800 21,850 Direct materials Conversion cost Total current period costs $2,402,400 1,266,500 $3,668,900
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Req 1 2 Glencove Co Process Costing Production Report WeightedAverage Method For the Month of Septem...View the full answer
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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