Homework: Chapter 17 Homeworlk 14 of 17 (17 complete) Score: 0.68 of 1 pt (X) E17-25 (book/static) Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) Read the reguirement Begin by summarizing the total costs to account for (Click the icon to view the equivalent unit computation.) Total Direct Production Costs Materials Costs 602,458 459,888 $142,570 ,153000 3237.0001.916,000 1,916,000 5,755,458 S 3,696,888 2,058,570 Total costs to account for costs Conversion Costs Direct Materials 3,696,888 $ 2,058,570 514 Costs to date 6,396 $ 4,005 Finally, assign total costs to units completed (and transferred out) and to units in ending work in process Direct Conversion Total Costs Enter any number in the edit fields and then click Check Answer Clear All Homework: Chapter 17 Homework Score: 0.68 of 1 pt &E17-25 (book/static) Read the requirement 3.237,000 1916,000 Direct 578514 6,396 $ 4,005 Total Direct Conversion Clear All Materials Costs $ 459,888 $142,570 Data Table Physical Units Direct Conversion (Watches) Materials Costs 100 510 450 160 $459,888 $142,570 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 "Degree of completion: direct materials, 80%; conversion costs, 35%. b Degree of completion : direct materials, 80%; conversion costs, 40%. $3,237,000 $1,916,000 Print Done ce sts Materials 458 S 459.888 $ Costs Reference Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs 450 450 Completed and transferred out during current period Work in process, ending Accounted for Work done to date 450 160 610 128 64 578 514 Print Done Homework: Chapter 17 Homeworlk 14 of 17 (17 complete) Score: 0.68 of 1 pt (X) E17-25 (book/static) Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) Read the reguirement Begin by summarizing the total costs to account for (Click the icon to view the equivalent unit computation.) Total Direct Production Costs Materials Costs 602,458 459,888 $142,570 ,153000 3237.0001.916,000 1,916,000 5,755,458 S 3,696,888 2,058,570 Total costs to account for costs Conversion Costs Direct Materials 3,696,888 $ 2,058,570 514 Costs to date 6,396 $ 4,005 Finally, assign total costs to units completed (and transferred out) and to units in ending work in process Direct Conversion Total Costs Enter any number in the edit fields and then click Check Answer Clear All Homework: Chapter 17 Homework Score: 0.68 of 1 pt &E17-25 (book/static) Read the requirement 3.237,000 1916,000 Direct 578514 6,396 $ 4,005 Total Direct Conversion Clear All Materials Costs $ 459,888 $142,570 Data Table Physical Units Direct Conversion (Watches) Materials Costs 100 510 450 160 $459,888 $142,570 Beginning work in process (May 1) Started in May 2017 Completed during May 2017 Ending work in process (May 31) Total costs added during May 2017 "Degree of completion: direct materials, 80%; conversion costs, 35%. b Degree of completion : direct materials, 80%; conversion costs, 40%. $3,237,000 $1,916,000 Print Done ce sts Materials 458 S 459.888 $ Costs Reference Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs 450 450 Completed and transferred out during current period Work in process, ending Accounted for Work done to date 450 160 610 128 64 578 514 Print Done
