Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8) Use the data below to make June Production Report for AAYS Inc. using Weighted Average method of Process costing? Do all the steps, and

image text in transcribed
8) Use the data below to make June Production Report for AAYS Inc. using Weighted Average method of Process costing? Do all the steps, and show the cost flows (12 +9 marks) 9) Data Amount WIP, June 01 - 18,000 units Direct Material: 100% complete, at cost from Mays Conversion: 50% complete, at cost from May Balance in WIP, June 01 45.000 30,000 75,000 Is Units started during June 27000 units Units completed and transferred out in June 36000 units 9000 units WIP, June 30 Direct Material: 100% complete Conversion: 30% complete Costs incurred during June Direct Material 81.000 Conversion Costs: Direct Labor Applied Manufacturing Overhead Total Conversion Costs 78,000 156,000 234.000 Predetermined Overhead rate: 200% of Direct Labor Cost Selling Price Units Sold on Cash 20 20000 units

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

Challenge Of Management Accounting Change

Authors: John Burns, Mahmoud Ezzamel, Robert Scapens

1st Edition

075066004X, 978-0750660044

More Books

Students also viewed these Accounting questions

Question

How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

List behaviors to improve effective leadership in meetings

Answered: 1 week ago