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Consider the details below for the month of April 2 0 2 4 provided by the Giant Corporation: There were 2 0 , 0 0
Consider the details below for the month of April provided by the Giant Corporation:
There were units in beginning work in process
units were started in the month and units were completed
Beginning workinprocess direct materials was $
Direct materials added during the month was $
Beginning workinprocess conversion was $
During the month, $ of direct manufacturing labor was recorded
Factory overhead was $
Beginning work in process was half converted as to labor and overhead.
Direct materials are added at the beginning of the process.
Ending work in process was complete with respect to conversion.
All conversion costs are incurred evenly throughout the process.
The weighted average method of process costing is used.
Required:
How many total physical units are there to account for in April
How many total equivalent units for conversion costs need to be accounted for?
What is the direct materials equivalent unit cost?
What is the conversion cost per equivalent unit?
What is the total amount of costs transferred out in April
What is the amount of the conversion cost component of Ending workinprocess?
Prepare a production cost worksheet using the weightedaverage method. Include any necessary supporting schedules please show worksheet done on excel
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