Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

chapter 16 question 11 exverisize 16-12 I took multiple pics so you could see everything please help thank you Check my work 11 ! 1.9

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

chapter 16 question 11 exverisize 16-12 I took multiple pics so you could see everything please help thank you

Check my work 11 ! 1.9 points Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.] Skipped eBook co Hint The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20 complete with respect to conversion. Print References Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 36,000 EUP 3,500 EUP 39,500 EUP Conversion 36,000 EUP 2,100 EUP 38,100 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 29,950 412,450 $ 442,400 Conversion $ 3,540 221,250 $ 224,790 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 3,000 36,500 36,000 3,500 Exercise 16-12 Weighted average: Completing a process cost summary LO C3 Prepare its process cost summary using the weighted- average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for *Difference due to rounding cost/unit Unit Reconciliation Units to account for $ 0.00 Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP-Materials % Conversion EUP-C Check my work E units nt nraduction 30 500 FLIP R in FIIP 11 ! Required information 1.9 points Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 29,950 412,450 $ 442,400 Conversion $ 3,540 221,250 $ 224,790 Skipped eBook Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 3,000 36,500 36,000 3,500 de Hint Print a Exercise 16-12 Weighted average: Completing a process cost summary LO C3 o References Prepare its process cost summary using the weighted- average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for *Difference due to rounding cost/unit Unit Reconciliation Units to account for $ 0.00 Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP-Materials % Conversion EUP-C Equivalent units of production Cost per EUP Materials Con Costs Costs EUP EUP 0 EUP Cost per EUP Total cost Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Cost per EUP Total cost $ 0.00 $ 0.00 Check my work 11 Direct Materials $ 29,950 412,450 $ 442,400 Costs per EUP Costs of beginning work in process Costs incurred this period Total costs 1.9 points Conversion $ 3,540 221,250 $ 224,790 Skipped Units in beginning work in process (all completed during July Units started this period Units completed and transferred out Units in ending work in process 3,000 36,500 36,000 3,500 eBook Hint Print Exercise 16-12 Weighted average: Completing a process cost summary LO C3 References Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for *Difference due to rounding cost/unit Unit Reconciliation Units to account for $ 0.00 Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP- Materials % Conversion EUP-C Equivalent units of production Cost per EUP Materials Con Costs EUP Costs EUP 0 EUP Cost per EUP Total cost Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Total cost Cost per EUP $ 0.00 $ 0.00 Check m 11 rk in process eriod Direct Materials $ 29,950 412,450 $ 442,400 1.9 points Conversion $ 3,540 221,250 $ 224,790 Skipped rk in process (all completed during July) riod ransferred out in process 3,000 36,500 36,000 3,500 eBook Hint Print Weighted average: Completing a ummary LO C3 References ess cost summary using the ge method. (Round "Cost per EUP" aces.) $ 0.00 $ 0.00 Weighted Average Method Units % Materials EUP- Materials % Conversion EUP- Conversion Materials Conversion Costs Costs EUP EUP 0 0 EUP Cost per EUP Total cost EUP Total cost Cost per EUP $ $ 0.00 0.00

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

Fundamental Financial Accounting Concepts Paperback By Edmonds Thomas P O

Authors: Thomas P. Edmonds, Christopher Edmonds, Mark A. Edmonds, Jennifer Edmonds, Philip R. Olds

11th Edition

9781264266234, 1264266235

More Books

Students also viewed these Accounting questions

Question

Explain the importance of Human Resource Management

Answered: 1 week ago

Question

Discuss the scope of Human Resource Management

Answered: 1 week ago

Question

Discuss the different types of leadership

Answered: 1 week ago

Question

Write a note on Organisation manuals

Answered: 1 week ago

Question

Evaluate employees readiness for training. page 275

Answered: 1 week ago