Nader Paints makes an environmentally sound paint. The following data are available for the month of April:
Question:
Nader Paints makes an environmentally sound paint. The following data are available for the month of April:
Percentage Units Complete Costs (LO 3,4, 6)
Beginning WIP inventory, April....cccccccccececeecee, 11,000
| Oitectimatetialge... * oan ae 75% $ 3,200 Conversiomcoste an 70 1,450 MDNE Statte ela AI Sencidvectienss vnasxcou,dbenun ntgn 6,000 Costs incurred in April:
Direotimateiial Seren curcSaeks sceertewieec er as: 16,000 CONVETSIOMOOSIS Batns. ee A teeti eee osncaoesnara: 15,800 EtOGlin GIVVU AG VEILONVpeeRteaedt teeea Chtehta ecace c a 3,000 Bireetsinateyal lse ean seetoa coses eemeda k 80 COnVersionicOsiswi wet Rie Asieak b een 60 SPOUAG CHAAR REN: Sere Sire Pearse BE Jy 200 DITeetImaterialS#Aas SentaS,OM AL le 100 GOHVETSION.COSTSH ass se tates ah 100 Required
a. Prepare a production cost report using weighted-average costing.
b. Show the flow of costs through the WIP Inventory T-account.
Step by Step Answer:
Cost Management Strategies For Business Decisions
ISBN: 12
4th Edition
Authors: Ronald Hilton, Michael Maher, Frank Selto