Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dave Chee Brady Products manufactures a silicone paste wax that goes through three processing departments --Cracking, Blending, and Packing. All of the raw materials are

image text in transcribed
image text in transcribed
Dave Chee Brady Products manufactures a silicone paste wax that goes through three processing departments --Cracking, Blending, and Packing. All of the raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for May follows: Work in Process-cracking Department Inventory, May 1 (37,600 kilograms, 30,840 Completed and transferred to conversion 4/5 complete) Blending kilograns) May costs added: Raw materials (295,000 kilograms) 501, 616 Conversion costs 209,412 Inventory, May 31 (65,400 kilograms, conversion 2/3 complete) The May 1 work in process inventory consists of $57152 in materials cost and $23,688 in conversion cost. The company uses the weighted average method. Required: 1. Determine the equivalent units of production for May. Materials Conversion Equivalent units of production Check my 2. Determine the costs per equivalent unit for May (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit 3. Determine the cost of the units completed and transferred to Blending during May and the cost of ending work in process inventory (Round intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of ending work in process inventory Cost of units completed and transferred out

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_2

Step: 3

blur-text-image_3

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

Social Media Audits Achieving Deep Impact Without Sacrificing The Bottom Line

Authors: Urs E Gattiker

1st Edition

1843347458, 978-1843347453

More Books

Students also viewed these Accounting questions

Question

dy dx Find the derivative of the function y=(4x+3)5(2x+1)2.

Answered: 1 week ago