Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1005 Mgr Acc > Assignments > HW Chapter 16 - 16 U IC s Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT

image text in transcribed
image text in transcribed
image text in transcribed
1005 Mgr Acc > Assignments > HW Chapter 16 - 16 U IC s Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Exercise 16-13 The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process Manufacturing Costs Beginning work in process Materials $18,300 Conversion costs 15,160 Materials Labor Overhead Production Data Beginning work in process 15,200 units, 1/10 complete Units transferred out 55,100 Units started 50,900 Ending work in process 11,000 units, 1/5 complete $33,460 226,270 67,100 49,530 Prepare a production cost report for the Welding Department for the month of February (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to o decimal places, e.g. 1,225.) HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Equivalent Units Physical Conversion Units Materials Costs Quantities Units to be accounted for Work in process, February 1 Started into production Total units Units accounted for Tennent 005 Mgr Acc > Assignments > HW Chapter 16 16 IS U Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION Units accounted for Transferred out Work in process, February 28 Total units Conversion Costs Materials Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, February 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 28 5 Mgr Acc > Assignments > HW Chapter 16 Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRIN Equivalent units Unit costs . Costs to be accounted for Work in process, February 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 28 Materials Conversion costs Total costs Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Construction Frameworks Productivity Cost And Performance

Authors: Rick Best, Jim Meikle

1st Edition

1138293970, 978-1138293977

More Books

Students also viewed these Accounting questions

Question

=+d) What assumptions have you made to answer part c?

Answered: 1 week ago