Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i just need help on the last ones that are blank please. will give a thumbs up! Complete the missing amounts in the following production

i just need help on the last ones that are blank please. will give a thumbs up!
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion costs are incurred evenly; the ending inventory is 60% complete. The company uses the weighted-average method. (Click the icon to view the production report.) Begin with the equivalent units of production for direct materials and for conversion costs. Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion costs are incurred evenly; the ending inventory is 60% complete. The company uses the weighted-average method. (Click the icon to view the production report.) 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.) Complete the missing amounts in the following production report. 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 Patrick Company Production Cost Report - Finishing Department Month Ended September 30, 2024 Equivalent Units \begin{tabular}{ccc} & \multicolumn{2}{c}{ Equivalent Units } \\ \cline { 2 - 3 } Physical & Direct & Conversion \\ Units & Materials & Costs \\ \hline \end{tabular} Units to account for: Beginning work-in-process 400 Started in production 2,100 Total units to account for (a) Units accounted for: Completed and transferred out (b) (d) (g) Ending work-in-process (e) (h) Total units accounted for (c) (f) (i) costs Direct Conversion Total Materials Costs Costs Data table

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

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

2nd Edition

047116920X, 978-0471169208

More Books

Students also viewed these Accounting questions