Question
Complete five-step procedure in second department Nikki's Widgets experienced the following activity in its Third Department during December. Materials are added at the beginning of
Complete five-step procedure in second department
Nikki's Widgets experienced the following activity in its Third Department during December. Materials are added at the beginning of the process in the Third Department. (20 points)
Units:
Work In Process, Dec. 1(80% completed) 6,000 units
Transferred in 29,000 units
Completed during Dec. ?
Work in Process Dec 31 (70% complete) 7,000 units
Cost
Work in Process Dec. 1 (trans-in $21,600, DM $20,350 $69,640
Conversion $27,690)
Transferred in during Dec. 97,400
Direct Materials added Dec 63,650
Conversion cost added in Dec. 90,750
Requirements
- Summarize flow of physical units and compute total equivalent units for three cost categories: transferred-in, direct materials, and conversion costs?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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
Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
