Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answers using excel please? ing the entries that have already been posted. Assume labor costs are accrued and not yet paid. P18-43B Preparing a production

Answers using excel please? image text in transcribed
image text in transcribed
ing the entries that have already been posted. Assume labor costs are accrued and not yet paid. P18-43B Preparing a production cost report, second department with Learning Objectives 2, 4,6 beginning WIP; decision making Sea Worthy uses three processes to manufacture lifts for personal watercrafts: forming a lift's parts from galvanized steel, assembling the lift, and testing the completed lift. The lifts are transferred to finished goods before shipment to marinas across the country. 1. Cost per EUP CC $11.00 Sea Worthy's Testing Department requires no direct materials. Conversion costs are incurred evenly throughout the testing process. Other information follows for October 2018: Beginning Work-in-Process Inventory Transferred in from Assembling Department during the period Completed during the period Ending Work-in-Process Inventory (40% complete for conver- 2,300 units 6,800 units 4.100 units 5,000 units sion work) COSTS Beginning Work-in-Process Inventory (transferred in costs, 111,500 $93,400; conversion costs, $18,100) Transferred in from the Assembly Department during the 671,000 period Conversion costs added during the period 49,000

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

Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

5th Edition

1259256081, 978-1259256080

More Books

Students also viewed these Accounting questions

Question

How does your firm manage mergers and acquisitions?

Answered: 1 week ago