Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCUL Question 3 The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process,

image text in transcribed
image text in transcribed
CALCUL Question 3 The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April $104,000 72,800 $176,800 $832,000 379,600 $1,211,600 Units transferred out totaled 17,680. Ending work in process was 1,040 units that are 100% complete as to materials and 40% complete as to conversion costs. (a) Your answer is correct. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April. Materials Conversion Costs The equivalent units of production 18720 18096 SHOW SOLUTION VIDEO SIMILAR EXERCISE LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Amalan av 8 TER Materials Conversion Costs Unit costs 50 25 SHOW SOLUTION LINK TO TEXT LINK TO TEXT VIDEO SIMILAR EXERCISE By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor, Attempts: 2 of 3 used % You have surpassed the nur to earn Maximum Points for this attempt, and any subse you will eam points accordin Potential policy set by your in Determine the costs to be assigned to the units transferred out and in ending work in process. Transferred out $ Ending work in process $ By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts of used av 8

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

Make It Complete A Guide Of Knowledge Advice And Tips For Internal Audit And Compliance

Authors: Mónica Ramírez Chimal

1st Edition

6202304456, 978-6202304450

More Books

Students also viewed these Accounting questions

Question

Find the period of the function f(t) = (10 cos t)2.

Answered: 1 week ago

Question

3. How has e-commerce transformed marketing?

Answered: 1 week ago