Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do Homework - eva yousif - Personal - Microsoft Edge X https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld=580667836&questionld=1&flushed=false&cld=6253128¢erwin=yes Acct 1090 - Prof. Edwards - Late Start Fall 2020 eva yousif &

image text in transcribed
image text in transcribed
Do Homework - eva yousif - Personal - Microsoft Edge X https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld=580667836&questionld=1&flushed=false&cld=6253128¢erwin=yes Acct 1090 - Prof. Edwards - Late Start Fall 2020 eva yousif & | 10/27/20 12:42 AM Homework: Week Four: Homework Mastery Problem Chapter 3 (man Save Score: 0 of 8 pts 1 of 1 (0 complete) HW Score: 0%, 0 of 8 pts PM3-36A (similar to) Requirements - X ReefWave uses three processes to manufacture lifts for personal watercraft forming a lift's parts from galvanized steel, assembling the lift, and testing the completed lift (Click the icon to view additional information.) 1. Prepare a production cost report for the Testing Department. What is the cost per unit for lifts completed and transferred out to Finished Goods Inventory? Why would Requirement 1. Prepare a production cost report for the Testing Department. (Round all cost per unit amounts to the nearest cent and a management be interested in this cost? ReefWave Production Cost Report-Testing Department Print Done Month Ended August 31 Equivalent Units The lifts are transferred to Finished Goods Inventory before shipment to marinas across the Physical Transferred Direct Conversion country ReefWave's Testing Department requires no direct materials Conversion costs are UNITS Units In Materials Costs incurred evenly throughout the testing process. Other information follows for the month of August Units to account for UNITS Beginning Work-in-Process Inventory 2,500 units Transferred in from Assembling Department during the period 7,200 units Completed during the period 3.500 units Total units to account for Ending Work-in-Process Inventory (40% complete for conversion work ) 6,200 units Units accounted for COSTS Beginning Work-in-Process Inventory (transferred in costs, $92,000; conversion cost, $17,000) 109 000 n/a Transferred in from the Assembly Department during the period 761,600 Conversion costs added during the period 36,820 Choose from any list or enter any number in the input fields and then click Check Answer. parts Clear All Print Done A remaining 12:43 AM Type here to search O Hi 99 O ENG 10/27/2020 S

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

Financial Reporting And Analysis

Authors: Lawrence Revsine, Daniel Collins

4th Edition

0073527092, 978-0073527093

More Books

Students also viewed these Accounting questions