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Need help working this out? Using the weighted average method. Stevie's Scissors Information for June 30, 2016 Stamping Units Beginning Started Transferred Out Beginning %
Need help working this out? Using the weighted average method.
Stevie's Scissors Information for June 30, 2016 Stamping Units Beginning Started Transferred Out Beginning % Ending % 12,000 10,000 N/A 20% Assembly 5,000 Must Calulate 11,000 40% 70% - $ 12,500.00 Costs Beginning Transferred In Beginning DM Cost Beginning Conver. Cost Total DM Costs Conver. Costs $ 6,000.00 $ 1,290.00 2,750.00 DL FOH Total Conversion Costs $ $ 6,800.00 14,000.00 20,800.00 $ $ $ 1,540.00 2,000.00 3,540.00 *100% of DM used at the beginning of the manufacturing process. *Units in process, only 20% of the conversation cost have been applied. Stevie's Scissors Cost of Production Report - Stamping Dept. For the Month Ended 6/30/16 Equivalent Units Whole Units Direct Materials Conversion Costs UNITS Units to Account for: Beginning WIP Started Total Units to Account for Units Accounted for: Computed/Transferred Out Ending WIP (20%) Total Units Accounted for Direct Materials Conversion Costs Total Costs COSTS Costs to Account for: Beg. WIP Costs added during Period Total Costs to Account for Divided by: Total EUP Cost per Equivalent Unit Cost Accounted for: Completed/Transferred out Ending WIP Total Costs Accounted for Stevie's Scissors Cost of Production Report - Assembly Dept. For the Month Ended 6/30/16 Equivalent Units Whole Units Transferred in Direct Materials Conversion Costs UNITS Units to Account for: Beginning WIP Transferred in Total Units to Account for Units Accounted for: Computed/Transferred Out Ending WIP (70%) Total Units Accounted for Transferred in Direct Materials Conversion Costs Total Costs COSTS Costs to Account for: Beg. WIP Costs added during Period Total Costs to Account for Divided by: Total EUP Cost per Equivalent Unit Cost Accounted for: Completed/Transferred out Ending WIP Total Costs Accounted forStep by Step Solution
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