Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with the second part, please show calculation it's saying my Costs added during in current period selection is wrong The assembly division of

image text in transcribedNeed help with the second part, please show calculation it's saying my "Costs added during in current period" selection is wrong

The assembly division of Walton Time Pieces, Inc. uses the weighted average method of process costing. Consider the following data for the month of May 2017: E (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. i Reference Begin by summarizing the total costs to account for Work in process, beginning Costs added in current period Total Direct Conversion Production Costs Materials Costs $ 503,750 S 432,500 $ 71.250 4,620,000 3,225,000 1,395,000 5,123,750 S 3,657,500 $ 1.468 250 Physical Units 470 Flow of Production Completed and transferred out during current period Work in process, ending Equivalent Units Direct Conversion Materials Costs 470 470 40 Total costs to account for Next, calculate cost per equivalent unit for direct materials and conversion costs 80 595 Conversion Accounted for Work done to date 550510 Costs added in current period Direct Materials 3657500 550 6650 Costs 1466250 510 2875 Divide by equivalent units of work done to date Print [Done Cost per equivalent unit Choose from any list or enter any number in the input fields and then click Chock Answer. - part Final Check Clear All remaining

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

Risk Based Auditing

Authors: Phil Griffiths

1st Edition

0566086522, 9780566086526

More Books

Students also viewed these Accounting questions

Question

How flying airoplane?

Answered: 1 week ago