Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Information: Units: 1 Compute the number of units completed and transferred out to the Baking Department (1 point) Beginning Work-in-Process Ending Work-in-Process Units started during

image text in transcribed

Information: Units: 1 Compute the number of units completed and transferred out to the Baking Department (1 point) Beginning Work-in-Process Ending Work-in-Process Units started during the period 50,000 65,000 200,000 2 Percentage completion: Materials Conversion Compute equivalent units of production for materials and for conversion costs 11 point) Materials Conversion Units completed Ending WIP Total Beginning Work-In-Process Ending Work-In-Process 35% 60% 25% 30% 3 Compute the costs per equivalent un it for materials and for conversion costs (1 point) Materials Conversion Costs: Beginning Work-in-Process Costs added during the period Materials Conversion $ 55,000 $ 109,000 $ 560,000 $ 225,000 1 1 Assign costs to units completed and transferred to the baking department and to units in ending work-in-process (1 point) Units completed and transferred to Baking Ending work-in-process * last 5 digits of your student number 5 (when you enter student ID in cell C16, an amount will appear in cell 016, such that the sum of cells C16 and D16 equal $158,000) 5 Complete the Cost Reconciliation Report as indicated below 11 point) Costs to be accounted for Cost of beginning WIP Costs added during the period Total Costs to be arcounted for Costs accounted for Cost of ending WIP Cost of units transferred out 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

Horngrens Financial & Managerial Accounting, The Financial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

7th Edition

0136505279, 9780136505273

More Books

Students also viewed these Accounting questions

Question

Explain the purposes of managing performance.

Answered: 1 week ago

Question

List 4 methods to evaluate training.

Answered: 1 week ago