Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

asapp help Trout, Inc. prepared the following prodlctisn. Required: Fill in the missing amounts. (Round your Cost per Equivalent Unit answers to 2 decimal pla

asapp help image text in transcribed
image text in transcribed
Trout, Inc. prepared the following prodlctisn. Required: Fill in the missing amounts. (Round your "Cost per Equivalent Unit" answers to 2 decimal pla TROUT, INC. Process Costing Production Report (Weighted Average Method) UNITS Step 1: Units to be Accounted for Physical Units 3,000 Beginning Work in Process Started into Production 7,000 Step 2 Total Units Equivalent Units Units Accounted for as Follows Materials Conversion 2,000 2,000 Completed and Transferred 5,000 5,000 Ending Work in Process 7,000 7,000 5,500 Total Units COSTS Step 3: Cost per Equivalent Unit Materials Conversion Total Cost $ 18,000 S 14,000 32,000 Cost of Beginning Inventory 206,000 328,000 122,000 Current Period Costs $ 220,000 $ 360,000 Total Cost of Units in Process 140,000 Equivalent Units Cost per Equivalent Unit 7.000 12.500 5,500 40.00 ssa30ld U XOM DOUad aut io Cuuubag aus py ssaood aua noudnous adoo0 sen ouanu ssa00d oM pouad au o pua a y aaduooe sew oa oun paunour ae ss00 uosuo u ssa0ad us o Bus ag a sage pap sppe nou uouroj euogppy 000 09 000 '0zz 000 O 000 0P 000 00 peuaysue pue payayduag sun mogo se o pepunoaoy e 000 ot 000 09C 000'0zz s 000 B2 000 2 000 as03 jeo uors suae 000 902 000 22 000' ssop pouad uaung ssao04d oM Eusubeg ss80ld u oM daas 00 0P 005'S n uaenb3 ad o 000 000 00a 005 21 squn uajenb 000 09C 000 022 000 82 000 902 000 22 sse pouad un

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

Audit Proofing Your Return

Authors: Jr. Wade, Jack Warren

1st Edition

002622240X, 978-0026222402

More Books

Students also viewed these Accounting questions

Question

The company openly shares plans and information with employees.

Answered: 1 week ago