Question
A-1 Products manufactures wooden furniture using an assembly-line process. All direct materials are introduced at the start of the process, and conversion cost is incurred
A-1 Products manufactures wooden furniture using an assembly-line process. All direct materials are introduced at the start of the process, and conversion cost is incurred evenly throughout manufacturing. An examination of the companys Work-in-Process Inventory account for June revealed the following selected information.
Debit side: |
June 1 balance: 300 units, 30% complete as to conversion, cost $21,300* |
Production started: 900 units |
Direct material used during June: $45,000 |
June conversion cost: $25,700 |
Credit side: |
Production completed: 700 units |
*Supplementary records revealed direct-material cost of $15,000 and conversion cost of $6,300. Conversations with manufacturing personnel revealed that the ending work in process was 60 percent complete as to conversion.
Please complete the attached charts using the above data
record completed production. Complete this question by entering your answers in the tabs below. Calculate the Equivalent Units. 2. Complete the following tables to calculate the cost of goods completed during June and prepare the ecord completed production. Complete this question by entering your answers in the tabs below. Calculate the Cost per EU. 2. Complete the following tables to calculate the cost of goods completed during record completed production. Complete this question by entering your answers in the tabs below. Calculate the Cost of Goods Completed. Prepare the appropriate journal entry to record completed production. (If no entry is required for a entry required" in the first account field.) Journal entry worksheet Note: Enter debits before creditsStep by Step Solution
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