Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

determine the cost of a completed unit in this process 0 (Step 2) (Step 1) Equivalent Units Physical Direct Conversion Flow of Production Units Materials

determine the cost of a completed unit in this process image text in transcribed
0 (Step 2) (Step 1) Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Work in process, beginning (given) 2,400 Started during current period (given) 12.000 To account for 14.400 Good units completed and transferred out during current period: From beginning work in process! 2,400 2,400 x (100%-100%); 2,400 X (100% - 30%) 1,200 Started and completed 8,400* 8,400 x 100%; 8,400 x 100% 8,400 8,400 Normal spoilage 1,080 1,080 x 100%; 1,080 x 100% 1,080 1,080 Abnormal spoilage 360 360 x 100%; 360 x 100% 360 360 Work in process, ending- 2,160 2,160 x 100%; 2,160 x 75% 2,160 1,620 14.400 Accounted for 12.000 12.660 Equivalent units of work done in current period Degree of completion in this department: direct materials, 100%; conversion costs, 50%. *10,800 physical units completed and transferred out minus 2,400 physical units completed and transferred out from beginning work-in-process inventory. "Degree of completion of normal apoilage in this department: direct materials, 100%; conversion costs, 100% Degree of completion of abnormal spoilage in this department direct materials, 100%; conversion coats. 100% -Degree of completion in this department: direct materials, 100%; conversion costs, 75%. Total Production Costs $452 208.968 $23SLO Step 3) Work in process, beginning (given) Costs added in current period (given) Total costs to account for Direct Materials $21,240 97A560 SUIS.30 Conversion Costs $ 13,32 11.408 $124.240

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

Accounting A Smart Approach

Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark

3rd Edition

0198745133, 978-0198745136

More Books

Students also viewed these Accounting questions

Question

All budgets depend on the sales budget. Is this true? Explain.

Answered: 1 week ago

Question

How did Socrates challenge the relativism of Protagoras?

Answered: 1 week ago