Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Howorth Dental Products COST OF PRODUCTION REPORT-DEPT #1 MAY 2019 (A) (B) TOTAL MATERIAL CONVERSION UNITS UNITS TO ACCOUNT FOR: BEG UNITS START AXB) EQUILVALENT

image text in transcribed
image text in transcribed
image text in transcribed
Howorth Dental Products COST OF PRODUCTION REPORT-DEPT #1 MAY 2019 (A) (B) TOTAL MATERIAL CONVERSION UNITS UNITS TO ACCOUNT FOR: BEG UNITS START AXB) EQUILVALENT UNITS MATERIAL CONVERSION (C) MATERIAL COST 0 ol ol D) CONVERSION COST 0 0 (C)-(0) TOTAL COST 0 COMPLETED O END UNITS 0 0 0 TOT TO ACCT END UNITS 0 oo TOT UNITS 0 ol ol 0 0 0 COMPLETED 0 BEG WIP MONTH COST lolot 0 olol lololo 0 0 O 0 TOTL COST COSTS TO ACCOUNT FOR EQUIL UNITS BEG WIP o COST/UNIT MATERIALS LABOR ol OVERHEAD ol WORK IN PROCESS-DEPT 82 WORK IN PROCESS OD 11 TOTAL Howorth Dental Products is a london based producer of a patented antimicrobial dental flost. Al raw material is introduced at the beginning of the production process, but conderable proewing time is needed to create the timicrobial qualities of the specially designed to Meworth measures output in meters of flows and is the weighederge process conting method The following information is available for a recent period Beginning work in process iventory 100.000 cost of $46,200 for direct materials, 524.00 for direct land $24.50 for factory overhead. The conversion process was complete Unes started into production 200,000 meters Units completed and transferred to finished goods 380,000 meters Ending work in process Inventory 20,000 meter, 30% complete Additional costs incurred during the period Direct material, 585,400 Direct labor, 598,200 Factory overhead, 598,600 Prepare a cost of production report for Howorth. Also prepare the required journal entry Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw material is introduced at beginning of the production process, but considerable processing time is needed to create the anti-microbial qualities of the specially designed floss. Howorth measures output in meters of floss and applies the weighted average process costing method. The following information is available for a recent period: Beginning work in process inventory: 140,000 meters at a cost of $46,200 for direct materials, $24,900 for direct labor, and $24,900 for factory overhead. The conversion process was 55% complete. Units started into production: 260,000 meters Units completed and transferred to finished goods: 380,000 meters Ending work in process inventory: 20,000 meters, 30% complete Additional costs incurred during the period: Direct materials, $85,400 Direct labor, 598,200 Factory overhead, $98,600 Prepare a cost of production report for Howorth. Also prepare the required journal entry. Howorth Dental Products COST OF PRODUCTION REPORT-DEPT #1 MAY 2019 (A) (B) TOTAL MATERIAL CONVERSION UNITS UNITS TO ACCOUNT FOR: BEG UNITS START AXB) EQUILVALENT UNITS MATERIAL CONVERSION (C) MATERIAL COST 0 ol ol D) CONVERSION COST 0 0 (C)-(0) TOTAL COST 0 COMPLETED O END UNITS 0 0 0 TOT TO ACCT END UNITS 0 oo TOT UNITS 0 ol ol 0 0 0 COMPLETED 0 BEG WIP MONTH COST lolot 0 olol lololo 0 0 O 0 TOTL COST COSTS TO ACCOUNT FOR EQUIL UNITS BEG WIP o COST/UNIT MATERIALS LABOR ol OVERHEAD ol WORK IN PROCESS-DEPT 82 WORK IN PROCESS OD 11 TOTAL Howorth Dental Products is a london based producer of a patented antimicrobial dental flost. Al raw material is introduced at the beginning of the production process, but conderable proewing time is needed to create the timicrobial qualities of the specially designed to Meworth measures output in meters of flows and is the weighederge process conting method The following information is available for a recent period Beginning work in process iventory 100.000 cost of $46,200 for direct materials, 524.00 for direct land $24.50 for factory overhead. The conversion process was complete Unes started into production 200,000 meters Units completed and transferred to finished goods 380,000 meters Ending work in process Inventory 20,000 meter, 30% complete Additional costs incurred during the period Direct material, 585,400 Direct labor, 598,200 Factory overhead, 598,600 Prepare a cost of production report for Howorth. Also prepare the required journal entry Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw material is introduced at beginning of the production process, but considerable processing time is needed to create the anti-microbial qualities of the specially designed floss. Howorth measures output in meters of floss and applies the weighted average process costing method. The following information is available for a recent period: Beginning work in process inventory: 140,000 meters at a cost of $46,200 for direct materials, $24,900 for direct labor, and $24,900 for factory overhead. The conversion process was 55% complete. Units started into production: 260,000 meters Units completed and transferred to finished goods: 380,000 meters Ending work in process inventory: 20,000 meters, 30% complete Additional costs incurred during the period: Direct materials, $85,400 Direct labor, 598,200 Factory overhead, $98,600 Prepare a cost of production report for Howorth. Also prepare the required journal entry

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

Statistical Analysis Microsoft Excel 2010

Authors: Conrad Carlberg

1st Edition

0789747200, 9780789747204

More Books

Students also viewed these Accounting questions