Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hatch Company produces a product that passes through three processes: Fabrication, Assembly, and Finishing. All manufacturing costs are added uniformly for all process. The following

image text in transcribed
image text in transcribed
image text in transcribed
Hatch Company produces a product that passes through three processes: Fabrication, Assembly, and Finishing. All manufacturing costs are added uniformly for all process. The following information was obtained for the Tabrication Department for June: a. Work in process, June 1, had 90,000 units (40 percent completed) and the following costs Direct materials $102,400 Direct labor 107.000 Overhead 35,000 b. During the month of June, 190,000 units were completed and transferred to the Assembly Department, and the following costs were added to productions Direct materials $215,000 Direct labor 144,000 Overhead 165,000 c. On June 30, there were 45,000 partially completed units in process. These units were 50 percent complete Required: Prepare a cost of production report for the Fabrication Department for June using the weighted average method of costing. The report should dadose the physical flow of units, equivalent units, and unit costs and should track the disposition of manufacturing costs. Round the cost per equivalent unit to the nearest cent. Hatch Company Fabrication Department Production Report for June Unit Information Units to account for: 000 Units to account for Units accounted for: Physical Flow Equivalent Units Total units accounted for Cost Information Costs to account for: Manufacturing Costs Total costs to account for Cost per equivalent unit Costs accounted for: Units completed $ Units, ending work in process $ Total costs accounted for

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_2

Step: 3

blur-text-image_3

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

Audit Committee Essentials

Authors: Curtis C. Verschoor

1st Edition

0471699594, 978-0471699590

More Books

Students also viewed these Accounting questions

Question

6. Conclude with the same strength as in the introduction

Answered: 1 week ago

Question

7. Prepare an effective outline

Answered: 1 week ago