Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

bramble corp manufactures kitchen appliances and gadgets like coffee makers and can openers recently the company ramped up production of its iced coffee brewer anticipating

bramble corp manufactures kitchen appliances and gadgets like coffee makers and can openers recently the company ramped up production of its iced coffee brewer anticipating increasing demand in the market for the month of april bramble reported the following activity and cost information for its only production process dedicated to these coffee brewers
answer
a)
b)
c)
please
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The conversion costs are added evenly throughout this manufacturing process. (a) Assuming Bramble Corp. uses the FIFO method of process costing. complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WIP Inventory in April. (Round cost per equivalent unit to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, e. 9.5.125I Total cost of units completed 5 Cost of units in ending WIP Inventory Assuming Bramble Corp. uses the FIFO method of process costing, complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WIP Inventory in April. (Round cost per equivalent unit to 2 decimal places, eg. 15.25 and final onswers to 0 decimal places, eg. 5, 125. Record the journal entry to recognize the cost of units completed and transferred out of the manufacturing process this month. (Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter O for the amounts tist debit entry before credit entry) At approximately what stage of processing is the plastic material added to the units? At approximately what stage of processing is the mesh material added to the units? Assuming instead that Bramble Corp. uses the weighted-average method of process costing complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WiP imventory in April, (Round cost per equivalent unit to 2 decimal ploces es 15.25 and final answecs to 0 decimal ploces e3. 5, 125. Recotd the journal entry to recognite the cost of unies completed and transferred cut of the manufacturing process this month. iCredit occount titles are automatically indented when amount is entered. Do not indent monuolly if no entry is required, select "No Entry" for the account titles and enter ofor the amounts. thit debit entry before credit entry)

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

More Books

Students also viewed these Accounting questions