Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cengage Chapter 17 Homewo x CengageNOWv2 | Online teac x Course Hero X + G 2 v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false M . . . Cengage Chapter 17 Homework

image text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribed
Cengage Chapter 17 Homewo x CengageNOWv2 | Online teac x Course Hero X + G 2 v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false M . . . Cengage Chapter 17 Homework Book Print Item The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. ? 1. EX. 17.16.ALGO Work in process, January 1, 13,200 units, 70% completed $179,652* 2. EX. 17.17.ALGO *Direct materials (13,200 x $10.60) $139,920 3. PR. 17.02A.ALGO Conversion (13,200 x 70% x $4.30) 39,732 $179,652 4. PR. 17.02B Materials added during January from Weaving Department, 203,200 units $2,174,240 Direct labor for January 398,416 Factory overhead for January 486,952 Goods finished during January (includes goods in process, January 1), 205,600 units Work in process, January 31, 10,800 units, 45% completed a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places. Karachi Carpet Company Cost of Production Report-Cutting Department For the Month Ended January 31 Equivalent Units Equivalent Units Units Whole Units Direct Materials Conversion Units charged to production: Inventory in process, January 1 13,200 Received from Weaving Department 9,240 X Total units accounted for by the Cutting Department Units to be assigned costs: Inventory in process, January 1 Progress: 2/4 items Check My Work Previous Next Assignment Score: 39.77% All work saved. Save and Exit Submit Assignment for GradingCengage Chapter 17 Homewo x CengageNOWv2 | Online teac x Course Hero X + G v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false M . . . Cengage Chapter 17 Homework eBook Print Item Cost of Production Report-Cutting Department For the Month Ended January 31 ? 1. EX. 17.16.ALGO Equivalent Units Equivalent Units 2. EX. 17.17.ALGO Units Whole Units Direct Materials Conversion Units charged to production: 3. PR. 17.02A.ALGO Inventory in process, January 1 13,200 4. PR. 17.02B Received from Weaving Department 9,240 X Total units accounted for by the Cutting Department Units to be assigned costs: Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs Costs Costs Direct Materials Conversion Total Costs Cost per equivalent unit: costs for January in Cutting Department A Total equivalent units Cost per equivalent unit Costs assigned to production: Progress: 2/4 items Check My Work Previous Assignment Score: 39.77% All work saved. Save and Exit Submit Assignment for GradingCengage Chapter 17 Homewo x CengageNOWv2 | Online teac x Course Hero X + G 2 v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=assignment-take&inprogress=false M . . . Cengage Chapter 17 Homework eBook Print Item Costs Direct Materials Conversion Total Costs ? 1. EX. 17.16.ALGO Cost per equivalent unit: 2. EX. 17.17.ALGO Total costs for January in Cutting Department Total equivalent units 3. PR. 17.02A.ALGO Cost per equivalent unit 4. PR. 17.02B Costs assigned to production: Inventory in process, January 1 Costs incurred in January Total costs accounted for by the Cutting Department Cost allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 1 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January E Inventory in process, Janua Total costs assigned by the Cutting Department b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Progress: 2/4 items Check My Work Previous Next Assignment Score: 39.77% All work saved. Save and Exit Submit Assignment for Grading

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Charles E. Davis, Elizabeth Davis

4th Edition

1119577667, 978-1119577669

More Books

Students also viewed these Accounting questions