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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. 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, XXXX UNITS Physical Units Units to be accounted for: Beginning work in process 50% complete as to 5,000 conversion Started into production 57,500 Total units 62,500 Equivalent Units Direct Conversion Materials Cost 50,000 Units accounted for: Completed and transferred out Ending work in process 30% complete as to conversion Total units COSTS Direct Conversion Total Materials Cost Cost $ 45,000 $10,000 $ 55,000 Cost of beginning work in process Current period costs Total costs $ 1,000,000 $ 430,000 1,430,000 Equivalent units Cost per equivalent unit Direct Materials Conversion Total Cost 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 costs
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