Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alpha Company had the following information for FY 2017: Work in Process- 1/1/17 100,000 units Units Started into Production 575,000 units Work in Process -

Alpha Company had the following information for FY 2017:

Work in Process- 1/1/17 100,000 units
Units Started into Production 575,000 units
Work in Process - 12/31/17 75,000 units
Direct Material put into Production $575,000
Conversions Costs put into Production $843,750

The beginning work in process was 100% complete as to direct materials and 75% complete to conversion costs.

The ending work in process was 100% complete as to direct materials and 50% complete as to conversion costs.

The beginning work in process consisted of:

Direct Material $268,750
Conversion Costs $431,250

Alpha Company uses the weighted- average method. Use this information to prepare the Cost Allocation section of the Cost of Production Report for FY 2017. (Round all final dollar values to the nearest whole dollar.) (Note: there are additional lines in the blank answer schedule.)

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

Good Better Best A Guidebook For Performance Auditing

Authors: Gary Blackmer

1st Edition

131265869X, 978-1312658691

More Books

Students also viewed these Accounting questions

Question

=+which it operates?

Answered: 1 week ago

Question

=+How should we organize a book to maximize learning and interest

Answered: 1 week ago