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i need all parts answered in detail he assembly division of Canterbury Watches, Inc. uses the weighted average method of process costing. Consider the following
i need all parts answered in detail he assembly division of Canterbury Watches, Inc. uses the weighted average method of process costing. Consider the following data for the (Click the icon to view the data) (Click the icon to view the equivalent unit computation) Read the requirement Begin by summarizing the total costs to account for Total Direct Conversion Production Costs Materials Costs 386000 285600 100400 Work in process, beginning Costs added in current period Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs Direct Conversion Costs Materials Costs incurred to date Divide by equivalent units of work done to date v from any stor the innuit feins tinue to the Summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to the units completed (and transferred out) and units in ending work in process. Equivalent Units Direct Conversion Physical Units Flow of Production Materials Costs 440 440 Completed and transferred out during current period Work in process ending 440 110 77 44 550 Accounted for Work done to date 517 484 Conversion Costs $100,400 Physical Units Direct (Watches) Materials Beginning work in process (May 1) a 70 $285,600 Started in May 2017 480 Completed during May 2017 440 Ending work in process (May 31) 110 Total costs added during May 2017 $3,230.000 Degree of completion direct materials. 80% conversion costs. 35%. Degree of completion direct materials 70% conversion costs 40% $1,400,000 Total Direct Conversion Materials Costs Production Costs 386000 285600 100400 Work in process, beginning Costs added in current period Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Costs Materials Costs incurred to date Divide by equivalent units of work done to date v Cost per equivalent unit Finsteinn til at tinite med tranfmitt in dins in ner Direct ConverSIUNI Materials Costs Costs incurred to date Divide by equivalent units of work done to date Cost per equivalent unit Finally, assign total costs to units completed (and transferred out) and to units in ending work in process. Total Direct Conversion Production Costs Materials Costs Completed and transferred out Work in process, ending Total costs accounted for
i need all parts answered in detail
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