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(a4) Show the assignment of costs to units transferred out and in process. Bonita Industries Inc. manufactures dorm furniture in separate processes. In each process,
(a4) Show the assignment of costs to units transferred out and in process.
Bonita Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables 0 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 23,800 3,570 60 Cost Data-July Work in process, July 1 Materials $o 452,200 Labor 278.936 Overhead 123,760 Total $854.896 (21) Your answer is correct. Compute the physical units of production T12 Tables Units to be accounted for 23800 eTextbook and Media Attempts: 1 of 3 used (22) Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables (21) Your answer is correct. Compute the physical units of production T12 Tables Units to be accounted for 23800 eTextbook and Media Attempts: 1 of 3 used (22) Your answer is correct Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs T12 Tables 23800 22372 eTextbook and Media Attempts: 2 of 3 used (23) Your answer is correct. Determine the unit costs of production. Materials Conversion Costs Total Costs Unit costs-T12 Tables $ 19 $ $ 18 $ 37 Your answer is correct. Determine the unit costs of production Materials Conversion Costs Total Costs Unit costs-T12 Tables 19 18 37 eTextbook and Media Attempts: 1 of 3 used (24) Your answer is partially correct. Show the assignment of costs to units transferred out and in process. T12 Tables Costs accounted for: Transferred out $ 748510 Work in process Materials 384370 Conversion costs 364140 748510 Total costs 854896Step by Step Solution
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