Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my work Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning of the month, the molding department

image text in transcribed

Check my work Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning of the month, the molding department has 2,900 units in inventory, 70% complete as to materials. During the month, the molding department started 22,500 units. At the end of the month, the molding department had 4,350 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows: Beginning work in process inventory (direct materials) Direct materials added during the month $ 2,100 36,900 QS 16-19 Weighted average: Assigning costs to output LO C3 Using the weighted average method, assign direct materials costs to the molding department's output-specifically, the units transferred out to the packaging department and the units that remain in process in the molding department at month-end. (Do not round intermediate calculations.) Weighted Average Method Direct Materials Costs of units transferred out Direct materials Costs of ending work in process Direct materials 5,533

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

College Accounting Chapters 1-29

Authors: John J. Wild, Vernon J. Richardson, Ken W. Shaw

2nd Edition

0077398173, 978-0077398170

More Books

Students also viewed these Accounting questions

Question

Explain the importance of HRM to all employees.

Answered: 1 week ago

Question

Discuss the relationship between a manager and an HR professional.

Answered: 1 week ago

Question

Outline demographic considerations.

Answered: 1 week ago