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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
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.
(I appreciate any help that is given. Thanks in advance!)
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.) Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXX UNITS Physical Units Units to be accounted for: Beginning work in process 50% complete as to conversion Started into production 2,500 55,000 57,500 Total units Equivalent Units Direct Conversion Cost Materials 45,000 Units accounted for: Completed and transferred out Ending work in process 30% complete as to conversion Total units COSTS Direct Materials $ 42,500 Conversion Cost $ 7,500 $ 50,000 Cost of beginning work in process Current period costs Total costs Equivalent units $ 991,875 $ 297,375 $ 1,289,250 Direct Materials Conversion Cost 45,000 Units accounted for: Completed and transferred out Ending work in process 30% complete as to conversion Total units COSTS Direct Toni Conversion Cost Materials $ 42,500 $ 7,500 Total Cost 50,000 $ Cost of beginning work in process Current period costs Total costs Equivalent units Cost per equivalent unit $ 991,875 $ 297,375 $ 1,289,250 Direct Materials Conversion Cost Total Cost 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 costsStep by Step Solution
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