Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to solve this question ereblem 5.20 points): fet Products Company uses an automated process to manufacture its pet following activities: pet replica products. For

How to solve this question image text in transcribed
ereblem 5.20 points): fet Products Company uses an automated process to manufacture its pet following activities: pet replica products. For June, the company had the Begi inning work in nits placed in production nits completed 500 items, 15,000 units 17,500 units complete war ending work in inventory 000 items, complete 5,600 23,595 ost of beginning work in process rect mat current $16,500 version costs, current Direct materials are placed into production throughout the process. Required Complete production cost at the beginning of the process and conversion costs are incurred evenly O. 459 appropriate/missing information.) appropriate/mbsing informatietbelow using the FIFO method. (rill in the lettered lines with the Conversion Flow of production Physical Units Direet Materials Work in process, beginning Started during period a.? 4,500-end, see To account for b.? Units co ted Work in process, beginning c.? Started and completed d. Work in process, ending e.? Direct Materials Conversion Costs Totals 55,600 Work in process, beginning Costs added during period Total costs to account for Divided by equivalent units f. Equivalent unit costs $45,695 519.630 $26,065 $2.42 1.10 $1.32 Totals Assignment of costs Work in process, beginning g.? Completion of beginning h.? Total beginning inventory Started and Completed j.? Total costs transferred out Work in process, ending $41,515 Direct materials k.? $1,980 Conversion (2,000 x $1.32 x 0.75) Costs accounted for $45,695

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

Communication And Auditing A Step By Step Guide

Authors: Melanie McKay, Elizabeth Rosa

1st Edition

075931652X, 978-0759316522

More Books

Students also viewed these Accounting questions