Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i Reference Month Ended January 31 Production Cost Report Flow of Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Units to account

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
i Reference Month Ended January 31 Production Cost Report Flow of Physical Units Equivalent Units Direct Conversion Materials Costs Flow of Production Units to account for: Print Done Units to account for: Beginning work in process, January 1 process Plus: Started in production during January Total physical units to account for Units accounted for: 105,000 2,000,000 2,105,000 Print Done Reference hits accounted for: Completed and transferred out Plus: Ending work in process, January 31 1,875,000 230,000 1,875,000 230,000 1,875,000 115,000 Total physical units accounted for 2,105,000 Stal equivalent units 2,105,000 1,990,000 Print Done Reference Z, TUO,00 1,990,000 Total equivalent units Total Costs to Account for and Cost per Equivalent Unit Beginning work in process Plus: Costs added during January Direct Conversion Materials Costs 707,600 $ 266,800 1,650,000 569,000 $ Print Done B x Reference nid JCE are T. LOUUO U January 2,357,600 2,105,000 1.12 $ 835,800 1,990,000 Total costs to account for Divided by: Total equivalent units Cost per equivalent unit dir $ 0.42 tol Direct Conversion an Print Done art am 5-30 * Reference ganid duce epard eparti Cost per equivalent unit 1.12 5 0.42 Direct Conversion equir Materials Costs Total o to Assignment of total costs: Completed and transferred out: Equivalent units completed and transferred out 1,875,000 1,875,000 er ail part Print Done rem Reference - Organic product prepard Departi id 1,875,000 Requir Completed and transferred out: Equivalent units complete and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out Ending work in process: 1.875,000 1.12 $ $ 0.42 The toll $ 2,100,000 $ 787,500 $ 2,887,500 Enter as 1 part Print Done rem Reference - Organic product prepard Departi id 1,875,000 Requir Completed and transferred out: Equivalent units complete and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out Ending work in process: 1.875,000 1.12 $ $ 0.42 The toll $ 2,100,000 $ 787,500 $ 2,887,500 Enter as 1 part Print Done rem anid luct pare parti id guir Ending work in process: Equivalent units in ending work in process, January 31 Multiplied by: Cost per equivalent unit Costs assigned to units in ending work in process, January 31 230,000 1.12 $ $ 115,000 0.42 toll 257,600 $ Total costs accounted for 48,300 305,900 $ 3,193,400 er ar bart em Print Done : 0 of 6 pts 4 of 7 (3 complete) HW Scor LOA (similar to) QL 0 Data Table R Pruuuuu vya ction of the butter begins in th ed the following production tment: Click the icon to view the Jar Churnina Denartment equivalent hent.) rement 1. What is the total Cost per EU transferred in from Churning Departments Cost per Direct Materials EU Cost per Conversion Costs EU $ 1.54 0.05 0.16 otal cost, from start to finish, any number in the edit field Print Done t maining Clear All Check E5-30A (similar to) Question Help Organic Dairy produces an organic butter that is sold by the pound. The Assume the Organic Dairy Forming Department has the following costs production of the butter begins in the Churning Department. Organic Dairy per equivalent unit (EU) on its own production cost report for the month of prepared the following production cost report for January for the Churning January: Department: (Clickline icon to view the costs per equivalent unit (EU) Click the icon in via the larutartition routronort for the Information for the Framinn onartment Requirement 1. What is the total cost, from start to finish of producing one pound of butter during January? The total cost, from start to finish, of producing ono pound of butter during January is por pound Enter any number in the edit fields and then click Check Answer. na

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

The nature and importance of the global marketplace.

Answered: 1 week ago