Answered step by step
Verified Expert Solution
Question
1 Approved Answer
BeGone manufactures spray cans of insect repellent. On August 1, the company had 17,640 units in the beginning WIP Inventory that were 100 percent complete
BeGone manufactures spray cans of insect repellent. On August 1, the company had 17,640 units in the beginning WIP Inventory that were 100 percent complete as to canisters, 60 percent complete as to other materials, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During August, BeGone started 146,700 units in the manufacturing process. Ending WIP Inventory included 8,280 units that were 100 percent complete as to canisters, 40 percent complete as to other materials, 20 percent complete as to direct labor, and 10 percent complete as to overhead. Cost information for the month is as follows: Beginning WIP Inventory Canisters Other direct materials. Direct labor Overhead August costs Canisters Other direct materials Direct labor $11,763 8,644 10,069 1,926 11,492 156,227 114,836 Overhead 288,317 Prepare a schedule showing the BeGone August computation of weighted average equivalent units of production and cost per equivalent unit. Note: Round the cost per equivalent unit amounts to two decimal places.
Prepare a schedule showing the BeGone August computation of weighted average equivalent units of production and cost per equivalent unit. Note: Round the cost per equivalent unit amounts to two decimal places. 1. Weighted average equivalent units of production 2. Schedule of cost per equivalent units of production Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started