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Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production
Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process. Problem 4-29 Straightforward Weighted Average Process Costing Step-by-Step Approach (L0 4-3,4-4,4-5) 2. Equivalent units, dred material 10.000 $22.000 4500 $4260 100,000 80 000 Work in process, April 1-10,000 unts: Direct material: 100% complete, cost of Conversion 20% complete, cost of Balance in work in process, April 1... Units started during for Units completed during for and transferred out to finished goods inventory Work in process, April 30 Direct material 100% complete Conversion 33% complete Costs incurred during fort Direct material Conversion costs: Direct labor Appled manufacturing overhead ... Total conversion costs $198.00 $ 5200 105.600 $158.400 Required: Prepare schedules to accomplish each of the following process-costing steps for the month of April. Use the weighted average method of process costing, 1. Analysis of physical flow of units. 2. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs
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