Mitchco produces it product through two processing departments: Cutting & Assembly. Information for the Cutting Department follows:
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Question:
Mitchco produces it product through two processing departments: Cutting & Assembly.
Information for the Cutting Department follows:
DM CC
Production Comp Comp
Units
Beginning WIP $
Units Started this period $
Units completed & transferred out $
Ending WIP
Costs
Beginning WIP:
Direct materials $
Conversion costs $ $
Costs added this period:
Direct materials $
Conversion costs $ $
$
Required:
Prepare the Cutting Department' s Production Report for October using the weighted average method
Use the format as shown in the text on page Exhibit
Prepare the jounal entry to transfer the cost of completed units from Cutting to Assembly.
Assume Mitchco uses the FIFO to account for costs, what are the Equivalent Units in October for
Direct Materials and for Conversion Costs for Beginning WIP?
Related Book For
Posted Date: