Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Materials are added at the start of process and conversion costs are added evenly throughout. At the start of March WIP was 40% complete for

Materials are added at the start of process and conversion costs are added evenly throughout. At the start of March WIP was 40% complete for conversion with material costs of 10000 and conversion cost of 60000.

Beginning WIP inventory-2000 units .Units started during the month the month - 15000 units .Units transferred to finish goods - 10000 units. ending WIP was 80% complete direct material cost - 500000. conversion cost - 751200

1. prepare the production cost report for march using weighted average method

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_2

Step: 3

blur-text-image_3

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

Auditing A Guide To Principles And Practice

Authors: J H Crowhurst

1st Edition

0304309052, 978-0304309054

More Books

Students also viewed these Accounting questions

Question

4. Identify cultural variations in communication style.

Answered: 1 week ago