Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ercises & Problem Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It

image text in transcribedimage text in transcribedimage text in transcribed

ercises & Problem Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not inc Units Costs 33,000 $ 36,000 96,000 $132,000 77,000 Beginning work in process (21% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (53% complete) Current period costs Direct materials Conversion cost Total current period costs ? 5:35 91,000 $ 99,000 152,000 $251,000 Required: 1. Using the weighted-average method of process costing, complete each of the following steps: a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 1D ercises & Problem Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not inc Current period costs Direct materials Conversion cost Total current period costs $ 99,000 152,000 $251,000 Required: 1. Using the weighted average method of process costing, complete each of the following steps: 5:25 a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 1D Using the weighted average method of process costing, calculate the cost per equivalent unit. (Round Cost per Equivalent Unit to 5 decimal places.) Conversion Direct Materials 1.20000 Cost per Equivalent Unit $ $ 3.73345 X ercises & Problem Saved Current period costs Direct materials Conversion cost Total current period costs $ 99,000 152,000 $251,000 Required: 1. Using the weighted-average method of process costing, complete each of the following steps: 5:11 a. Reconcile the number of physical units worked on during the period. b. Calculate the number of equivalent units. c. Calculate the cost per equivalent unit. d. Reconcile the total cost of work in process. es Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 1D Using the weighted average method of process costing, reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.) Direct Materials Conversion Total Cost Units Completed Ending Inventory Total Cost Accounted for $ 0 $ 0 $ 0

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

More Books

Students also viewed these Accounting questions

Question

6. Explain the strengths of a dialectical approach.

Answered: 1 week ago

Question

2. Discuss the types of messages that are communicated nonverbally.

Answered: 1 week ago