Question
cost accounting book:Conerstone 3rd editon By Hansen , Don R please show work for maximum credits Gan maoling corporation produces a product that passes through
cost accounting book:Conerstone 3rd editon By Hansen , Don R
please show work for maximum credits
Gan maoling corporation produces a product that passes through two departments. For May, the following equivalent unit schedule was prepared for the first department:
Materials Conversion
Units completed 180,000 180,000
Units, EWIP X percentage complete:
15,000 X 100% 15,000
15,000 X 40% 6,000
Equivalent units of output 195,000 186,000
Cost assigned to beginning work in process:
Materials: $51,000
Conversion: $24,750
Manufacturing costs incurred during the months:
Materials: $56,250
Conversion: $45,000
Required:
A. Compute the unit cost for May using the weighted average method.
B. Determine the cost of goods transferred out.
C. Determine the cost of ending work in process.
thank you in advance for your help.
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