Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Blackboard X 118 minutes remaining 13 OF 13 QUESTIONS REMAINING Bahrain Company makes snow blowers. It has two departments that process all products: Assembly and
Blackboard X 118 minutes remaining 13 OF 13 QUESTIONS REMAINING Bahrain Company makes snow blowers. It has two departments that process all products: Assembly and Testing. The following data pertain to the Assembly department. Direct materials are added at the beginning of the process and conversion costs are uniformly incurred. The degree of completion of conversion cost is as follows: At the beginning of September, work in process is 40% complete and at the end of the month work in process is 60% complete. Other data for the month include: Beginning work-in-process inventory Units started Units completed 3,200 units 4,000 units 6.400 units Ending work-in-process inventory ? Tal Conversion costs for September $400,000 Cap Shift Fn t Direct materials cost for September $520,000 Beginning work-in-process costs: $308.000 Materials lackboard x X O 118 minutes remaining ore comp IB P+ Ending work-in-process inventory Conversion costs for September 13 OF 13 QUESTIONS REMAINING www.unic ? $400,000 Direct materials cost for September $520,000 Beginning work-in-process costs: Materials $308,000 Conversion Required: $164.160 a) Prepare a production cost schedule for the Assembly Department at the end of September using the weighted average method of process costing. (9 marks) b) Prepare the necessary journal entries. (3 marks) Use the editor to formot your answer Tab Caps Shift Fn Cla
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