Answered step by step
Verified Expert Solution
Question
1 Approved Answer
https://www.youtube.com/watch?v=tVXlP0_spDA Read the following question below. Follow along with the step-by-step YouTube video Be walk through and answer the following questions. (This is the problem
https://www.youtube.com/watch?v=tVXlP0_spDA
Read the following question below. Follow along with the step-by-step YouTube video Be walk through and answer the following questions. (This is the problem we solved in class. Try to solve without looking at your notes.) 1ts Donnie, Inc. (\"DI") requires multiple departments and areas in order to a make a single product. On August 1, DI had 10,000 units in beginning inventory that were 80% complete with respect to materials and 60% complete with regards to conversion. In addition to the beginning inventory, DI started and completed 190,000 units during the month of August. in Dl's inventory as of August 31 st, there were 50,000 units that were 40% complete with respect to materials and 20% complete with respect to conversion. Dl's beginning inventory costs were $122,000 for materials and $222,000 for conversion. During the month of August DI added $318,000 direct materials costs and $408,000 of 'Cl'l COl'lVefSIOn COStS. Using the weighted average method of process costing determine: Equivalent Units for Direct Materials and Conversion Cost per Equivalent Unit for Direct Materials and Conversion Ending Balances of WIP for Direct Materials. WIP for Conversion and Finished Goods Inventory ition Question 1 1 pts Using the weighted average method of process costing, determine the equivalent units for direct materials. Round to the nearest whole number. Question 2 1 pts Using the weighted average method of process costing, determine the equivalent units for conversion. Round to the nearest whole number. Question 3 1 pts Determine the cost per equivalent unit for direct materials. You don't need to include a dollar sign in your answer. Question 4 1 pts Determine the cost per equivalent unit for Conversion. You don't need to include a dollar sign in your answer. Question 5 1 pts What is the ending balance of Finished Goods Inventory? You don't need to include a dollar sign in yourStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started