Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I cant figure out the blank ones! Complete the production cost report that you began in the step above by calculating the costs per equivalent
I cant figure out the blank ones!
Complete the production cost report that you began in the step above by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units in ending inventory in the following step. (Enter the cost per equivalent unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used: EUP = equivalent units of production.) Patrick Company Production Cost Report - Finishing Department Month Ended September 30, 2024 Direct Conversion Total COSTS Materials Costs Costs Costs to account for: $ 1,230 Beginning work-in-process Costs added during period Total costs to account for 1,500 14,175 2,730 21,140 6,965 23,870 15,675 3,300 8,195 2,980 Divided by: Total EUP 4.75 2.75 Cost per equivalent unit Costs accounted for: Completed and transferred out 11,875 6,875 3,800 2,200 Ending work-in-process 15,675 9,075 $ 23,870 Total costs accounted forStep 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