Question
Determine the missing amount in the production report (numbered from A to E) .... 1)The amount of physical units started into production (letter A) *
Determine the missing amount in the production report (numbered from A to E) .... 1)The amount of physical units started into production (letter A) * 1,000 units 3,000 units 4,000 units None of the options ... 2)The amount of total equivalent units under the conversion cost (letter B) * 1,500 units 2,500 units 3,500 units None of the options .... 3)The total conversion cost amount (letter C) * $4,750 $14,250 $28,500 None of the options .... 4)Total unit cost (letter D) * $34.5 $17.83 $15.75 None of the options .... 5)Work-in-process ending cost at the material level (letter E) * $8,300 $9,500 $16,660 None of the options ....
Help the company to complete the below production cost report: Cutting Department Production Cost Report For the Month Ended July 31 Equivalent Units Physical Units Materials Conversion Costs Quantities Units to be accounted for WIP, beginning Started into production Total Units A 3,000 Units accounted for Transferred out WIP, ending Total Units 1,000 1.000 500 B Costs Conversion Unit Costs Materials Total Costs Total Cost $24,990 $9.5 D Equivalent Units Unit Costs Costs to be accounted for WIP, beginning Started into production Total Costs SO 48,740 Cost Reconciliation Schedule Costs accounted for Transferred out WIP, ending Materials E Conversion Costs Total CostsStep by Step Solution
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