Question
Happy Toddler produces goods that go through two or more processes using the weighted average method to calculate unit costs. During April, per equivalent unit
Happy Toddler produces goods that go through two or more processes using the weighted average method to calculate unit costs. During April, per equivalent unit is calculated as follows:
Ingredients
Conversion Fee
Completed units
5,000 Conversion Fee
5,000 Completed units
Units, work in progress x finished parts:
3,000 x 0%
-
3,000 x 70%
-
2,100 conversion units
Equivalent output units
7100 Conversion Fee
5000 Completed units
The cost per unit is calculated as follows:
Materials $0.50
Conversion Fee$0.25
Total$0.75
Requested:
a. Determine the cost of ending work-in-process inventory and the cost of goods transferred out.
b. Prepare a physical report, if possible.
Bahan Biaya Konversi 5.000 5.000 Unit yang diselesaikan Unit, barang dalam proses akhir x bagian yang selesai : 3.000 x 0% 3.000 x 70% 2.100 Unit output ekuivalen 5.000 7.100 Biaya per unit dihitung sbb : Bahan $ 0.50 Biaya Konversi $ 0.25 Total $ 0.75 Diminta : a. Tentukan biaya persediaan akhir barang dal biaya barang yang ditransfer keluar
Happy Toddler produces goods that go through two or more processes using the weighted average method to calculate unit costs. During April, per equivalent unit is calculated as follows:
Ingredients
Conversion Fee
Completed units
5,000 Conversion Fee
5,000 Completed units
Units, work in progress x finished parts:
3,000 x 0%
-
3,000 x 70%
-
2,100 conversion units
Equivalent output units
7100 Conversion Fee
5000 Completed units
The cost per unit is calculated as follows:
Materials $0.50
Conversion Fee$0.25
Total$0.75
Requested:
a. Determine the cost of ending work-in-process inventory and the cost of goods transferred out.
b. Prepare a physical report, if possible.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669c0c4546ee3_788669c0c44db658.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started