Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Just the answers no explanations plz...want to check with mine..thnks South River Chemicals Pty Ltd. manufactures a product called Zybek. Direct materials are added at

Just the answers no explanations plz...want to check with mine..thnks

image text in transcribed
South River Chemicals Pty Ltd. manufactures a product called Zybek. Direct materials are added at the beginning of the process and conversion activity occurs uniformly throughout the process. The following data pertain to the month of May. Units Work in process - 1st May (60% complete) 15,000 Units started during May 68,000 Work in process - 31st May (50% complete) 14,000 Costs incurred Direct materials Conversion costs Work in process - 1st May (60% complete) $38,000 $32,500 Costs incurred during May $111,400 $157,500 1) Using the weighted average method of process costing, calculate the equivalent units of direct materials for the month of May.(1 mark) Please enter amount only, do not use dollar signs or commas 2) Using the weighted average method of process costing, calculate equivalent units of conversion activity for the month of May. (1 mark) Please enter amount only do not use dollar signs or commas 3)Using the weighted average method of process costing, calculate the cost per equivalent unit of direct materials for the month of May.(1 mark) Please enter amount only, do not use dollar signs or commas Enter TWO decimal places 4) Using the weighted average method of process costing, calculate the cost per equivalent unit of conversion activity for the month of May.(1 mark) Please enter amount only, do not use dollar signs or commas Enter TWO decimal places 5) Using the weighted average method of process costing, calculate the cost of goods completed and transferred during May.(1 mark) Please enter amounts only, do not use dollar signs or commas 6) Using the weighted average method of process costing, calculate the total cost remaining in work in process on May 31st.(1 mark) Please enter amounts only, do not use dollar signs or commas

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

Excel Applications For Accounting Principles

Authors: Gaylord SmithBruce Walz

4th Edition

1133388027, 9781133388029

More Books

Students also viewed these Accounting questions

Question

List six habits that can help you become a more positive thinker.

Answered: 1 week ago