Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i nnow its alot but please could you do all of it? idk how to break up the questions complete a production report for maybfor

i nnow its alot but please could you do all of it? idk how to break up the questions image text in transcribed
complete a production report for maybfor the painting department
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Rose Company uses FIFO process costing and produces its finished product in 2 departments: Machining and Painting. The following information is available for the Painting Department for May: The beginning work in process inventory was $74,226 ($54,000 transferred-in costs and $20,226 conversion costs) and consisted of 1,800 units that were 70% complete as to conversion costs. During May, a total of 15,700 units were completed and transferred out to the Finished Goods Inventory. The ending work in process consisted of 1,100 units that were 10% complete as to conversion costs. The following costs were incurred during May: direct materials $136,590; direct labor $80,000; and factory overhead $219,730. Direct materials are added at the end of the process in the Painting Department and conversion costs are incurred evenly throughout the production process. Beginning WIP Units Started Units to Account For T-IN DM Units Completed: Beginning WIP Other Units Ending WIP Units Accounted For Equivalent Units of Computation of Per Unit Costs Current Cost Equivalent Units Unit Cost T-IN ICC DM Total Beg WIP Total Cost to Account For Assignment of Costs Cost of Goods Manufactured: Beginning WIP T-IN CC DM Total Cost of Beginning WIP Other Units Total Cost of Goods Manufactured Ending WIP T-IN CC DM Total Cost of Ending WIP Total Costs Accounted For

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

More Books

Students also viewed these Accounting questions

Question

What is the relationship between humans?

Answered: 1 week ago

Question

What is the orientation toward time?

Answered: 1 week ago