Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the

image text in transcribedimage text in transcribedimage text in transcribed

Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to 2 decimal places.) Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, Current Year Physical Units UNITS Units to be accounted for: Beginning work in process 50% complete as to conversion 12,000 Started into production 64,500 Total units 76,500 Equivalent Units Direct Materials Conversion Cost Units accounted for: Completed and transferred out 64,000 64,000 64,000 Ending work in process 30% complete as to conversion 12,500 12,500 3,750 Total units 76,500 76,500 67,750 Direct Conversion Total COSTS Materials Cost Cost Cost of beginning work in process $ 52,000 $ 17,000 $ 69,000 Current period costs $ 942,500 $ 999,250 $ 1,941,750 Total costs Equivalent units Cost per equivalent unit $ 994,500 $1,016,250 $ 2,010,750 $ 76,500 Costs to be accounted for: Beginning work in process Current period costs Total costs Costs accounted for: Completed and transferred out Ending work in process Total costs Direct Materials Conversion Total Cost Cost

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

Survey of Accounting

Authors: Carl S Warren

6th edition

978-113318912, 1133189121, 978-1133189121

More Books

Students also viewed these Accounting questions