Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with this question Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all

I need help with this question

image text in transcribed
Brite Toothbrushes has gathered the following information to complete its Production Report for the month of April. Assume all materials are added at the beginning of the process. Required: Using the provided information, complete the report. (Round cost per Equivalent Units to 2 decimal places.) Brite Toothbrushes Process Costing Production Report (Weighted Average Method) Assembly Department For the Month Ended April 30, XXXX UNITS Physical Units Units to be accounted for: Beginning work in process 50% complete as to conversion 3,500 Started into production 56,000 Total units 69,500 Equivalent Units Direct Conversion Materials Cost Units accounted for: Completed and transferred out 47,000 47,000 47,000 Ending work in process 30% complete as to conversion 12,500 12,500 3,750 Total units 59,500 59,500 50,750 COSTS Direct Conversion Total Materials Cost Cost Cost of beginning work in process $ 43,500 $ 8,500 $ 52,000 Current period costs Total costs 1,011 ,500 $ 355,250 $ 1,366,750 Equivalent units Cost per equivalent unit Direct Conversion Total Materials Cost Cost Costs to be accounted for Beginning work in process Current period costs Total costs Costs accounted for: Completed and transferred out Ending work in process Total costs

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

Computer Accounting

Authors: Donna Kay

14th Edition

007762453X, 9780077624538

More Books

Students also viewed these Accounting questions

Question

1. Avoid conflicts in the relationship

Answered: 1 week ago

Question

1. What will happen in the future

Answered: 1 week ago