Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with this question Z X I (no subject) - rodriguezr1020@g x M (no subject) - rodriguezr1020@g x Bb NICU Blackboard X Ch

I need help with this question

image text in transcribedimage text in transcribedimage text in transcribed
Z X I (no subject) - rodriguezr1020@g x M (no subject) - rodriguezr1020@g x Bb NICU Blackboard X Ch 16: Homework ct.mheducation.com/flow/connect.html orki Saved Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below. During April, the first production department of a process manufacturing system completed its work on 350,000 units of a product and transferred them to the next department. Of these transferred units. 70.000 were in process in the production department at the beginning of April and 280.000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40%% complete with respect to conversion. At the end of April, 92,000 additional units were in process in the production department and were 85%% complete with respect to materials and 35% complete with respect to conversion. Exercise 16-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $1.062,050 of direct materials and $750.904 of conversion costs charged to it during April. Also, its April beginning inventory of $210.036 consists of $158,320 of direct n terials cost and $51716 of conversion costs. 1. Compute the direct materials cost per equivalent unit for April. (Round "'Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April. (Round " Cost per EUP" to 2 decimal places.) 3. Using the weighted-average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory. (Round "Cost per EUP to 2 decimal places.) Required 1. and 2. Equivalent Units of Production (EUP)- Weighted Average Method Units Materials terials Conversion EUP- Conversion Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Total costs Costs Costs - Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals

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_2

Step: 3

blur-text-image_3

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

Survey Of Accounting

Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay

1st Edition

0073526770, 9780073526775

More Books

Students also viewed these Accounting questions

Question

What is overfitting? Why is it so important to watch out for?

Answered: 1 week ago