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 beginning

image 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.) UNITS BRITE TOOTHBRUSHES Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, Current Year Physical Units Units to be accounted for: Beginning work in process 50% complete as to conversion 8,000 Started into production 60,500 Total units 68,500 Units accounted for. Completed and transferred out Ending work in process 30% complete as to conversion Total units COSTS Cost of beginning work in process Current period costs Total costs Equivalent units Cost per equivalent unit 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 56,000 Equivalent Units Direct Materials Conversion Cost Direct Materials $ Conversion Cost 48,000 $13,000 $ Total Cost 61,000 $ 1,027,500 $ 657,250 $ 1,684,750 Direct Materials Conversion Cost Total 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

Accounting Principles Part 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

6th Canadian edition

1118306783, 978-1118728918, 1118728912, 978-1118306789

More Books

Students also viewed these Accounting questions