Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BDB Company manufactures its one product by a process that requires two departments. The production starts in Department A and is completed in Department B.

image text in transcribed
image text in transcribed
BDB Company manufactures its one product by a process that requires two departments. The production starts in Department A and is completed in Department B. Direct materials are added at the beginning of the process in Department A. Additional direct materials are added when the process is 50% complete in Department B. Conversion costs are incurred proportionally throughout the production processes in both departments. On April 1, Department A had 500 units in Work-in-Process estimated to be 30% complete for conversion Department Bhad 300 units in Work-in-Process estimated to be 40% complete for conversion. During April, Department A started 2000 units and completed 2,100 units: Department B completed 2,000 units. The ending Work-in-Process Inventory on April 30 In Department A is estimated to be 50% complete for conversion, and the ending Work-in-Process Inventory In Department B is estimated to be 70% complete for conversion The cost sheet for Department A shows that the units in the beginning Work-in-Process Inventory had 53.850 in direct materials costs and $1754 in conversion costs. The production costs incurred in April were $19.400 for direct materials and $23,500 for conversion Department B's beginning Work-in-Process Inventory on April 1 was $4,420, of which $2.700 was transferred-in costs: It incurred $40,320 in direct materials costs and $25,754 In conversion costs in April BOB Company uses the weighted-average method for Departments A and B. Required: Prepare a production cost report for Department A 2. Prepare a production cost report for Department B. Complete this question by entering your answers in the tabs below. RAVE Required 2 Se production contreport for Department Cound cost walant unitsit decimal places Blog Company Dermere Predstion Cost Report Production inton Edualent un Orat PY Co Production Physical Uniti Complete in El Units Direct Ma Cowe 2.000 96 2,000 % 0 96 Beginning wie Unit started or trans in Total units to account for Units in shed or trans-out Ending WP Transferred in Direct mais Conversion Tot counted for % 96 96 0 0 Unit Cost Determination Direct Materials Conversion Cost Added Trans, in Total Henning WIFI womento To Dets Os OS 13 WAVE CostAssignment Completed and Ending WIP Transu Total ROM 40

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions