Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5 The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion
5 The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 19,350 2,520 $ 21,870 696,780 450,450 246,330 $ 718,650 Book Direct Materials Conversion Percent. Percent Units Complete Beginning work in process inventory 2,000 100% Complete 20% Units started this period 38,500 Hint Completed and transferred out 38,000 Ending work in process inventory 2,500 100% 60% Print erences Prepare the Molding department's production cost report using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Direct Materials Conversion Units % Complete EUP % Complete EUP Costs EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost Costs EUP Conversion
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