Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my work 1 2. Information about the July inventories follows. Use this information with that from part 1 to prepare a process cost summary.

image text in transcribed
image text in transcribed
image text in transcribed
Check my work 1 2. Information about the July inventories follows. Use this information with that from part 1 to prepare a process cost summary. assuming the weighted-average method is used. (Round "Cost per EUP" to 2 decimal places.) oints 6,500 units 14.000 units 8.000 units eBook Units Beginning inventory Started Ending Inventory Beginning inventory Materials-Percent complete Conversion-Percent complete Ending inventory Materials-Percent complete Conversion-Percent complete 1000 References 800 1000 300 Total costs to account for: Total costs to account for Unit reconciliation: Units to account for: Check my wo Total costs to account for: Total costs to account for: points eBook Unit reconciliation: Units to account for: References 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 % Labor EUP. Conversion Total units Ched Units % Materials EUP-Materials % Labor EUP. Conversion Total units Cost per equivalent unit of production Materials Conversion Book erences Costs EUP Costs EUP Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Cost of units transferred out: EUP Direct materials Cost per EUP Total cost Conversion EUP Cost per EUP $ 0.00 $ 0.00 Total cost $ Total costs transferred out Costs of ending goods in process Direct materials Conversion Total cost of ending goods in process Total costs accounted for 0 Check my work 1 2. Information about the July inventories follows. Use this information with that from part 1 to prepare a process cost summary. assuming the weighted-average method is used. (Round "Cost per EUP" to 2 decimal places.) oints 6,500 units 14.000 units 8.000 units eBook Units Beginning inventory Started Ending Inventory Beginning inventory Materials-Percent complete Conversion-Percent complete Ending inventory Materials-Percent complete Conversion-Percent complete 1000 References 800 1000 300 Total costs to account for: Total costs to account for Unit reconciliation: Units to account for: Check my wo Total costs to account for: Total costs to account for: points eBook Unit reconciliation: Units to account for: References 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 % Labor EUP. Conversion Total units Ched Units % Materials EUP-Materials % Labor EUP. Conversion Total units Cost per equivalent unit of production Materials Conversion Book erences Costs EUP Costs EUP Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Cost of units transferred out: EUP Direct materials Cost per EUP Total cost Conversion EUP Cost per EUP $ 0.00 $ 0.00 Total cost $ Total costs transferred out Costs of ending goods in process Direct materials Conversion Total cost of ending goods in process Total costs accounted for 0

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

The International Corporate Governance System Audit Roles And Board Oversight

Authors: F. Lessambo

1st Edition

134947178X, 978-1349471782

More Books

Students also viewed these Accounting questions

Question

=+different levels of abstraction (e.g., the meaning of

Answered: 1 week ago

Question

2. Define identity.

Answered: 1 week ago

Question

1. Identify three communication approaches to identity.

Answered: 1 week ago

Question

4. Describe phases of majority identity development.

Answered: 1 week ago