Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chapter 6, Problem 47P Show all steps: Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 10 Weighted-Average Method; Two Departments BDB
Chapter 6, Problem 47P Show all steps: Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 10 Weighted-Average Method; Two Departments BDB Company manufactures its one product by a process that requires two departments. The production starts in Department A and is completed in Department B. Materials are added at the beginning of the process in Department A. Additional materials are added when the process is 50% complete in Department B. Conversion costs are incurred proportionally throughout the production processes in both departments. On April 1, Department A had 500 units in work-in-process estimated to be 30% complete for conversion; Department B had 300 units in work-in-process estimated to be 40% complete for conversion. During April. Department A started 2,000 units and complete 2,100 units; Department B completed 2,000 units. The work-in-process ending inventory on April 30 in Department A is estimated to be 50% complete for conversion, and the work-in-process ending inventory in Department B is estimated to be 70% complete for conversion. The cost sheet for Department A shows that the units in the work-in-process beginning inventory had $2,750 in direct materials costs and $1,494 in conversion costs. The production costs incurred in April were $18,000 for direct materials and S21,000 for conversion. Department B's work-in-process beginning inventory on April 1 was $6,100, of which $4,200 was transferred-in costs; it incurred $38,000 in direct materials costs and $24,350 in conversion costs in April. BDB Company uses the weighted-average method for departments A and B. Required 1. Prepare a production cost report tor Department A 50 80 70 100 110 120 130 140 150 2. Prepare a production cost report for Department B. Step-by-step solution 160 170 There is no solution to this problem yet. Get help from a Chegg subject expert
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started