Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3 4 Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows G S 7 8 Beginning work in process

image text in transcribed
image text in transcribed
image text in transcribed
3 4 Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows G S 7 8 Beginning work in process Units started Units completed 10.000 units 20.000 units 25.000 units 9 10 Beginning work-in-process direct materials $6,000 11 Beginning work-in-process conversion $2,600 12 Direct materials added during month $30.000 13 Direct manufacturing labour during month $12.000 14 Factory overhead $5.000 15 16 Beginning work in process was half converted as to labour and overhead. Direct materials are added at the beginning of the process 17 All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete 18 19 Required: to labour and overhead. Direct materials are added at the beginning of the pro 17 All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete. 18 19 Required: 20 21 Using Weighted average method: 22 23 1. Calculate Equivalent number of units? 24 physical units dm CC 25 work in process beg 10,000 units 26 transfer during current period 20,000 units 27 to account for 30000 28 completed and transfered out current period 25000 25000 25000 29 work in process ending 5000 3000 5000 30 accounted for 30000 28000 30000 31 leanivialent units of work done, Sheet1 New... 30000 cints of work done 32 33 34 35 2. Calculate Equivalent Units Cost? 36 work in process beginning 37 cost added incurrent period 38 39 40 41 42 43 45 46 3. Calculate Cost of units transferred out? 47 48 49 50 51 52 3 5 4. Calculate Cost of Ending Work-in-process

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

Intermediate Accounting

Authors: James D. Stice, Earl K. Stice, Fred Skousen

16th Edition

324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140

More Books

Students also viewed these Accounting questions