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#6 please just do the EUP that's red and states that mine is wrong Return to question Tableau DA 3-3: Mini-Case, Weighted average: Completing a
#6 please just do the EUP that's red and states that mine is wrong
Return to question Tableau DA 3-3: Mini-Case, Weighted average: Completing a process cost summary LO C3 points Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method. Work in Process Inventory (In Units) Beginning inventory Units started this period Units completed and transferred Ending inventory 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Work in Process Inventory Completion Percentages Beginning Ending 100% Screenshot NCLUIT LU YULIUI Work in Process Inventory Completion Percentages Beginning Ending 100% points 80% 60% 40% 20% 0% Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Screenshot NCLUIT LU YULIUI Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month points Conversion Conversion Direct Materials Direct Materials tableau + od TO 1. Prepare a process cost summary for the mixing department. 2. Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? 3. If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? Screenshot HGUILLAI Prepare a process cost summary for the mixing department. (Round "Cost per EUP" to 2 decimal places.) points Costs Charged to Production Costs of beginning work in process $ 532,500.00 Costs incurred this period 4,270,000.00 Total costs to account for $ 4,802,500.00 Total costs accounted for 4,802,500.00 *Difference due to rounding cost/unit 0.00 Unit Reconciliation Units to account for Beginning work in process 190,000 Units started this period 640,000 Total units to account for 830,000 Total units accounted for Completed and transferred out 630,000 Ending work in process 200,000 Total units accounted for 830,000 Equivalent Units of Production (EUP)- Weighted Average Method Units Units completed and transferred out Units of ending work in process Equivalent units of production 630,000 200,000 830.000 EUP- % Materials Materials 100% 630,000 60% 120,000 Screenshot 750.000 Conversion 100% 40% EUP- Conversion 630,000 80,000 710.000 HGUILLAI Units % Materials 630,000 200,000 830,000 100% 60% % Conversion 100% 40% points nits completed and transferred out nits of ending work in process quivalent units of production ost per EUP ost of beginning work in process osts incurred this period otal costs Equivalent units of production ost per equivalent unit of production ost Assignment and Reconciliation osts transferred out EUP- Materials 630,000 120,000L 750,000 Materials $ 390,000 2,460,000 $ 2,850,000 630,000 $ 4.52 EUP- Conversion 630,000 80,000 710,000 Conversion $ 142,500 1,810,000 $ 1,952,500 830,000 $ 2.35 Costs EUP Costs EUP EUP Total cost Direct materials 630,000 630,000 Cost per EUP $ 3.80 $ 2.75 2,394,000.00 1,732,500.00 Conversion Total transferred out 4,126,500.00 EUP Total cost osts of ending work in process Direct materials Conversion Total ending work in process 456,000.00 120,000 80,000 Cost per EUP $ 3.80 $ 2.75 220,000.00 676,000.00 otal costs accounted for Screenshot | 4.802.500.00
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