Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
During the month, the forming department started 510,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 80%
During the month, the forming department started 510,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 80% complete as to materials and 30% complete as to conversion Units completed in the forming department are transferred to the painting department Cost information for the forming department follows Beginning work in process inventory Direct materials added during the month Conversion added during the month $ 81,100 1,879,400 1,214,320 Exercise 16-6 Weighted average: Cost per EUP and costs assigned to output LO C2 1. Calculate the equivalent units of production for the forming department 2. Calculate the costs per equivalent unit of production for the forming department. 3. Using the weighted-average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the equivalent units of production for the forming department. Direct Materials Conversion Exercise 16-6 Weighted average: Cost per EUP and costs assigned to output LO C2 1. Calculate the equivalent units of production for the forming department 2. Calculate the costs per equivalent unit of production for the forming department 3. Using the weighted average method, assign costs to the forming department's output-specifically, its units transferred to painting and its ending work in process inventory Complete this question by entering your answers in the tabs below. Required 1 Redpred 2 Required 3 Calculate the costs per equivalent unit of production for the forming department. (Round your answers to 2 decimal places) per EUP Derect Materials Conversion per EUP 25
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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