Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cymbura Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a setles of steps carried out in production departments.
Cymbura Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a setles of steps carried out in production departments. All of the material that used in the first production department is added at the beginning of processing that departmentData for June for the first production department follow. Units 51,000 31000 Work in inventoryJune 1 Work in 30 Materials in in process Inventory 1 Conversion cont in in process , June 30 Units started into production Unita transferred to the next production department added during Jane Conversion added during June 50 100 30 45,000 242,400 262,400 $ 43,020 $ 170,239 Required: 1. Calculate the first production departments equivalent units of production for materials and conversion for June 2. Compute the first production departments cost per equivalent unit for materials and conversion for June. 3. Compute the first production departments cost of ending work in process Inventory for materials, conversionand total for June. 4. Compute the first production departments cost of the units transferred to the next production department for materials, conversion, and for June.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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