Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Just need some help on this and understanding it I will rate! Many thanks and God bless!!! S18-10 (similar to) Question Help The Mixing Department

image text in transcribedJust need some help on this and understanding it

I will rate!

Many thanks and God bless!!!

S18-10 (similar to) Question Help The Mixing Department of Fresh Foods had 65,000 equivalent units of materials for October. Of the 65,000 units, 35,000 units were completed and transferred to the next department, and 30,000 units were 40% complete. Fresh Foods's costs per equivalent unit of production are 50.32 for direct materials and $0.50 for conversion costs. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the process and the company uses the weighted average method. Calculate the cost of the 35,000 units completed and transferred out and the 30,000 units, 40% complete, in the ending Work-in-Process Inventory. Fresh Foods Production Cost Report - Mixing Department (Partial) Month Ended October 31 Direct Conversion Total COSTS Materials Costs Costs Costs accounted for: Completed and transferred out Ending work-in-process Total costs accounted for Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Check

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

Students also viewed these Accounting questions

Question

b. Where did they come from?

Answered: 1 week ago

Question

c. What were the reasons for their move? Did they come voluntarily?

Answered: 1 week ago

Question

5. How do economic situations affect intergroup relations?

Answered: 1 week ago