Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need assistance filling in the blue areas. I was able to get the first few but these last few sections i cant figure out

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
i need assistance filling in the blue areas. I was able to get the first few but these last few sections i cant figure out
Appendix EX 20-24 Equivalent units of production: average cost method The Converting Department of Tender Soft Tissue Company uses the average cost method and had 1,900 units in work in process that were 60% complete at the beginning of the period. During the period, 15,800 units were completed and transferred to the Packing De- partment. There were 1,200 units in process that were 30% complete at the end of the perfid. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period. Appendix EX 20-25 Equivalent units of production: average cost method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 500 units, 50% completed 350 units, 30% completed Completed and transferred to next processing department during July 11,400 units 10,950 units Work in process, July 31 700 units, 55% completed 800 units, 25% completed Each department uses the average cost method. a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. Exercise 20-25 Drawing Department Transferred to Packing Department Inventory in process, ending (55% completed) Equivalent Units of Production Winding Department 1 2 Transferred to Packing Department Inventory in process, ending (25% completed) 3 14 15 Equivalent Units of Production Transferred to Packing Department Inventory in process, ending (30% completed) Equivalent Units of Production b Transferred to Packing Department Inventory in process, ending Equivalent Units of Production Cost per equivalent unit d Cost of units transferred to FG (D e Cost of units in ending WIP

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

Managerial Accounting

Authors: Carl S. Warren, William B. Tayler

16th Edition

0357715225, 9780357715222

Students also viewed these Accounting questions

Question

What is the role of communication (Chapter 4) in leadership?

Answered: 1 week ago