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I only have 1 attempt left can you please help me out Jessica Company manufactures hockey pucks and soccer balls. For both products, materials are
I only have 1 attempt left can you please help me out
Jessica Company manufactures hockey pucks and soccer balls. For both products, materials are added at the beginning of the production process and conversion costs are incurred evenly. Jessica uses the FIFO method to calculate equivalent units. Production and cost data for the month of August are as follows: Percent Complete 70% Units 450 1,530 570 30% $1,190 1,836 1,140 1,139 Production Data-Hockey pucks Work in process units, August 1 Units started into production Work in process units, August 31 Cost Data-Hockey pucks Work in process, August 1 Direct materials Direct labour Manufacturing overhead Production Data-Soccer balls Work in process units, August 1 Units started into production Work in process units, August 31 Cost Data-Soccer balls Work in process, August 1 Direct materials Direct labour Manufacturing overhead 90% 370 2,240 150 60% $440 3,360 1,000 1,217 Calculate the following for both the hockey pucks and the soccer balls: (Round answers to the nearest whole dollar, e.g. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.253.) 1. The equivalent units of production for materials and conversion costs. Hockey pucks Soccer balls Materials Conversion Cost 2. The unit costs of production for materials and conversion costs. Hockey pucks Soccer balls Materials Conversion Cost 3. The assignment of costs to units transferred out and to work in process at the end of the accounting period. Hockey pucks Soccer balls Beginning WIP Complete beginning WIP $L Started and completed $L Ending WIP Prepare a production cost report for the month of August for the hockey pucks only. (Round unit cost to 3 decimal places, e.g. 15.251 and other answers to to the nearest whole dollar, e.g. 5,275.) JESSICA COMPANY Production Cost Report-Hockey pucks For the Month Ended August 31 Equivalent Units Physical Units Materials Conversion Costs Quantities Units to be accounted for Work in process, August 1 Started into production Total units Units accounted for Completed and transferred out Work in process, August 1 Started and completed Work in process, August 31 Total units Costs Unit costs Costs in August Equivalent units Unit costs Costs to be accounted for Work in process, August 1 Added into production Total costsStep by Step Solution
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