Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Couder the following data for November 2017 froin Waton Marutachuring Company, which makes spennants and uses a process conting system. Al direct materials are added

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Couder the following data for November 2017 froin Waton Marutachuring Company, which makes spennants and uses a process conting system. Al direct materials are added at the beginning of the proces and conversion costs are added evenly during the process Spage is detected upon inspection at the completion of the pros Sooled units are disposed of at zoo net dieposava Waton Manufacturing Company is the weighted average method of process costing mcck then to view the data mchatne icon to view the equivalent ont computation Read the recent Begins by surrewing the total costo court Total Production Costs Direct Malaritis) Conversion Cost Won roos beginning rooms onding Tocolo con lo - - Data table Direct Conversion Materials $1,423 Costs $1.110 Physical Units (Pennants) Work in process, November 10 1.000 Started in November 2017 ? Good units completed and transferred out during November 2017 9,000 Normal spoilage 100 Abnormal spoilage 50 Work in process, November 30 2,000 Total costs added during November 2017 Degree of completion direct materials, 100%, conversion costs, 45% Degree of completion direct materials, 100%, conversion costs, 30% $12,180 $27,750 Clear all Data table or Equivalent Units Direct Conversion Materials Costs 9,000 9,000 100 100 P Flow of Production Completed and transferred out during current period Normal spoilage Abnormal spoilage Work in process, ending Equivalent units of work done to date 50 50 2,000 600 11,150 9,750 Clear all es G Print Done Requirement Summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and transferred out (including normal spoilage), to abnormal spoilage, and to units in ending work-in-process inventory. Print Done

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

GAO Yellow Book Government Auditing Standar

Authors: Comptroller General United States Government

2011edition

1479245577, 978-1479245574

More Books

Students also viewed these Accounting questions