Answered step by step
Verified Expert Solution
Link Copied!

Question

00
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 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.) 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 Total units 6,000 58,500 64,500 Equivalent Units Direct Conversion Materials Cost 52,000 Units accounted for: Completed and transferred out Ending work in process 30% complete as to conversion Total units COSTS Direct Conversion Materials Cost $ 46,000 $ 11,000 $ Total Cost 57,000 Cost of beginning work in process Current period costs Total costs Equivalent units Cost per equivalent unit $ 967,500 $ 501,750 $ 1,469,250 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 costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions