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many thanks will upvote thanks again Oslo Company produces large quantities of a standardized product. The following information is available for the first production department
many thanks will upvote thanks again
Oslo Company produces large quantities of a standardized product. The following information is available for the first production department for May. Prepare a production cost report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Direct Material Percent Complete Conversion Percent Completa Units 5,600 20,000 19,400 6.200 100% 25 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process, inventory Beginning work in process inventory Direct ateriat Conversion Cost added this period Direct materials Conversion Total costs to account for $ 4.581 4628 5 14,259 336.000 7522 5.77.651 Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation Units to account for: 00 Total units to account for Units accounted for Total units accounted for Equivalent units of production (EUP) - weighted average method Units Direct Materials Complete EUP Conversion % Complete EUP Equivalent Units of Production Cost per equivalent of production Direct Materials Conversion Costs EUP Costs EUP 0 Total costs -Equivalent units of production Cost per equivalent unit of production rounded to 2 decimais) Cost Assignment Completed and transferred out Direct materials Conversion EUP Cost per EUP Total cost EUP Total cost Ending work in process Dwect materials Conversion Cost per EUP 5 0.00 $ 0.00 Total costs accounted for 036 Required information The following information applies to the questions displayed below) The following data reports on the July production activities of the Molding department at Ash Company Beginning work in process Direct saterials $ 24.150 Conversion 2.900 $ 27,050 Costs added this period Direct materials 403,200 Conversion 211,440 636,640 Total costs to account for 5.543.60 Direct Materials Percent Complete 100% Conversion Percent Complete 2015 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory uits 2.500 36,000 35,500 3,000 set Prepare the Molding department's production cost report using the weighted average method (Round "Cost per Eup to 2 decimal Required information Units to account for Total units to account for Units accounted for Total units accounted for Equivalent units of Production (EUP Direct Materials Complete EUP Units Conversion Complete EUP Equivalent units of production Cont perEUP Direct Materials Conversion Costs Costs EUP EUP EUP Cost per EUP Total cost Total costs -Equivalent of production Cont per equivalent of production Cast Assignment Completed and transferred out Ovemate Conversion Total completed and led out Ending work in proces Direct mais Conversion Total ending work in process Total cost Accounted for EUP Total cost Cost per EUP $ 0.00 0.00 Required information [The following information apples to the questions displayed below. The first production department of Stone Incorporated reports the following for April Direct Heterinis Converse units Complete Percent Complete Beginning process inventory 79.000 2015 its started this period 417.000 Completamferred out 395,000 Ending work in process inventary 101. Percent SO Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method Event units of production Well hd De Materials Per Completa EUR Percent Complete EL Tural Required information [The following information applies to the questions displayed below) The first production department of Stone Incorporated reports the following for April Conversion Direct Materials Percent Complete 30% Percent completa 205 teginning work in process Inventory Units started this period Completed and transferred out Ending work in process Inventory Units 79.000 417.00 395.000 101.00 353 The production department had the cost information below beginning work in process inventory Direct materials Conversion Costs added this period Direct steriais $ 250, 325 19,25 $ 270,000 1,336,400 30 3223 $ 3,576.610 Total account for 6. Compute cost per equivalent unit for both direct materials and conversion (Round "Cost per Eup to 2 decimal places) b. Using the weighted average method assign Art's costs to the department's output-specificatii units transferred to the next department and its ending work in process mentory (Round "Cost per EUPto 2 decimal places Direct materials Conversion Total costs to account for 1,336,480 970.047 2,306,527 $ 2,576,610 a. Compute cost per equivalent unit for both direct materials and conversion (Round "Cost per EUP" to 2 decimal places.) b. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory (Round "Cost per EUP" to 2 decimal places.) Required a Cost per equivalent of production: Weighted average method Orect Material Conversion Costa EUP Costs EUP Total costs Equivalents of production Content of production rounded to 2 decimal Required to Costi Completed and red out Doct mahal Canon Total and out FUP Cost per EUP Totalt EUP Cost Desc Com 000 000 Tetalcoat 000 000 5 Step by Step Solution
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