Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 Compute the number of units completed and transferred out to the Baking Department (1 point) Information: Units: Beginning Work-in-Process Ending Work-in-Process Units started during
1 Compute the number of units completed and transferred out to the Baking Department (1 point) Information: Units: Beginning Work-in-Process Ending Work-in-Process Units started during the period 50,000 65,000 200,000 2 Percentage completion: Materials Conversion Compute equivalent units of production for materials and for conversion costs (1 point) Materials Conversion Units completed Ending WIP Total Beginning Work-in-Process Ending Work-in-Process 35% 60% 25% 30% 3 Compute the costs per equivalent unit for materials and for conversion costs (1 point) Materials Conversion Costs: Beginning Work-in-Process Costs added during the period Materials Conversion #VALUE! S 560,000 IS $ 225,000 4 Assign costs to units completed and transferred to the baking department and to units in ending work-in-process (1 point) Units completed and transferr Ending work-in-process last 5 digits of your student number (when you enter student ID in cell C16, an amount will appear in cell D16, such that the sum of cells C16 and D16 equal $158,000) 5 Complete the Cost Reconciliation Report as indicated below (1 point) Costs to be accounted for Cost of beginning WIP Costs added during the period Total Costs to be accounted for Costs accounted for Cost of ending WIP Cost of units transferred out Total costs accounted for
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started