Question
Compute the physical units of production. Units to be accounted for Compute equivalent units of production for materials and for conversion costs. Total equivalent units
Compute the physical units of production.
Units to be accounted for |
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Compute equivalent units of production for materials and for conversion costs.
Total equivalent units |
---|
Determine the unit costs of production for July.
Unit costs-T12 Tables |
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Show the assignment of costs to units completed and transferred out and to work in process for July.
Completed and transferred out
$enter a dollar amount
Work in process
Materials
$enter a dollar amount
Conversion costs
enter a dollar amount
enter a total amount
Total costs
$enter a total amount
Prepare the production cost report for July 2022.
CULLUMBER INDUSTRIES INC. Cutting Department Production Cost Report choose the accountimg period For the Year Ended July 31, 2022For the Month Ended July 31, 2022July 31, 2022 | ||||||||
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Equivalent Units | ||||||||
Quantities | Physical Units | Materials | Conversion Costs | |||||
Units to be accounted for | ||||||||
Work in process, July 1 | enter a dollar amount | |||||||
Started into production | enter a dollar amount | |||||||
Total units | enter a dollar amount | |||||||
Units accounted for | ||||||||
Completed and transferred out | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||
Work in process, July 31 | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||
Total units | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||||
Costs | Materials | Conversion Costs | Total | |||||
Unit costs | ||||||||
Total Costs | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||||
Equivalent units | enter a dollar amount | enter a dollar amount | ||||||
Unit costs | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||||
Cost Reconciliation Schedule | ||||||||
Costs to be accounted for | ||||||||
Work in process, July 1 | $enter a dollar amount | |||||||
Started into production | enter a dollar amount | |||||||
Total costs | $enter a dollar amount | |||||||
Costs accounted for | ||||||||
Completed and transferred out | $enter a dollar amount | |||||||
Work in process, July 31 | ||||||||
Materials | $enter a dollar amount | |||||||
Conversion costs | enter a dollar amount | enter a dollar amount | ||||||
Total costs | $enter a dollar amount |
Cullumber Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables 0 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete as to conversion, July 31 25,600 3,840 60% Cost Data-July $0 486,400 Work in process, July 1 Direct materials used in July Direct labor incurred in July Manufacturing overhead assigned in July 300,032 133,120 Total $919,552
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