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7 Not complete Marked out of 32.00 Pag question EUP; cost per EUP; cost assignment; WA & FIFO Found Sound mass-produces miniature speakers for personal
7 Not complete Marked out of 32.00 Pag question EUP; cost per EUP; cost assignment; WA & FIFO Found Sound mass-produces miniature speakers for personal sound systems. The following cost information is available for June: Beginning inventory direct material cost Beginning inventory conversion cost Direct material issued during June $9,919.68 2,095.44 151,027.20 Direct labor incurred during June Overhead applied during June 31,368.00 24,854.40 On June 1, the company had 1,000 units in process, which were 60 percent complete as to material and 30 percent complete as to conversion. Found Sound started 8,400 units into process during June and had 300 units still in process on June 30. The ending WIP units were 80 percent complete as to material and 70 percent complete as to conversion. a. Compute the unit costs for June under the weighted average method for direct material and for conversion. Note: Round your answers to two decimal places (i.e. round $4.355 to $4.36). Material cost per EUP $ 0 Conversion cost per EUP $ 0 b. Determine the cost transferred out for June using the weighted average method. 91490 234 204PM 7/21/2022 b. Determine the cost transferred out for June using the weighted average method. Note: Use the rounded rates from part (a) in your calculations. Note: Display your answer below showing two decimal places. $ 0 c. Determine the cost of June 30 ending inventory using the weighted average method. Note: Use the rounded rates from part (a) in your calculations. Note: Display your answer below showing two decimal places. $ 0 d. Compute the unit costs for June under the FIFO method for direct material and for conversion. Note: Round your answers to two decimal places (i.e. round $4.355 to $4.36). Material cost per EUP $ 0 Conversion cost per EUP $ 0 e. Determine the total costs transferred to Finished Goods Inventory during June using the FIFO method. Note: Use the rounded rates from part (d) in your calculations. Note: Display your answer below showing two decimal places. $ 0 Determine the cost of June 30 ending inventory using the FIFO method. Type here to search 6 91F 20 e. Determine the total costs transferred to Finished Goods Inventory during June using the FIFO method. Note: Use the rounded rates from part (d) in your calculations. Note: Display your answer below showing two decimal places. $ 0 f. Determine the cost of June 30 ending inventory using the FIFO method. Note: Use the rounded rates from part (d) in your calculations. Note: Display your answer below showing two decimal places. $ 0 g. Prepare the entries for the direct material, direct labor, and overhead cost assigned to production during June as well as the transfer of the completed goods during June using the weighted average method. Note: Round amounts to the nearest whole dollar. Account Debit Credit 0 0 0 D To record the direct materials issued 0 0 0 To record labor costs Type here to search O C F 704PM 31F 7/21/2022 Note: Display your answer below showing two decimal places. $ 0 g. Prepare the entries for the direct material, direct labor, and overhead cost assigned to production during June as well as the transfer of the completed goods during June using the weighted average method. Note: Round amounts to the nearest whole dollar. Account To record the direct materials issued To record labor costs Debit Credit 0 0 0 0 0 0 0 0 0 0 D To record applied overhead To record the transfer of completed goods Check 0 0 0 C 11 G 704 PM 919 654 121
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