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Hello, Are you able to assist with the below? And show all work? Thanks. Exam Co Fabrics is a manufacturer of wool cloth that uses
Hello,
Are you able to assist with the below? And show all work? Thanks.
Exam Co Fabrics is a manufacturer of wool cloth that |
uses the Weighted Average method of Process Costing. |
The information for March is as follows: |
Beginning work in process 10,000 units |
Units started during period 20,000 units |
Units completed 25,000 units |
Beginning work-in-process direct materials $6,000 |
Beginning work-in-process conversion $2,600 |
Direct materials added during month $30,000 |
Conversion Costs added during month $17,000 |
Beginning work in process was half converted as to |
Conversion Costs. Direct materials are added at the beginning |
of the process. All conversion costs are incurred evenly throughout |
the process. Ending work in process was 60% complete. |
1) A
Determine the number of Equivalent Units for both |
Direct Material And Conversion Costs |
B)
. Determine total costs to be distributed among |
the Equivalent Units. |
C)
Determine the Cost per Equivalent Unit. |
D)
4. Determine the costs transferred out of the |
department, and the remaining Work In Process. |
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