Answered step by step
Verified Expert Solution
Question
1 Approved Answer
pleace help Eurrent Attempt in Progress The Assembly Department of Riverbed Company has the following production and cost data at the end of May, 2022,
pleace help
Eurrent Attempt in Progress The Assembly Department of Riverbed Company has the following production and cost data at the end of May, 2022, its first period of operations. Production: 31,800 units started into production; 26,500 units completed and transferred out and 5.300 units 100% completed as to materials and 40% completed as to comversion costs. Manufacturing Costs: Materials added at beginning of process, $108,120; labor, $79,500; overhead $77,910. Prepare a production cost report for the month of May using weighted-average process costing (Do not leave any answer field blank. Enter O for amounts) (Round unit costs answers to 2 decimal places, eg. 52.75.) RIVERBED COMPANY Assembly Department-Production Cost Report For the Month Ended May 31, 2022 Equivalent Units of Production QUANTITIES PhysicalUnitsConversionMaterialsCosts Units to be accounted for Work in process inventory, May 1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, May 31 Total units accounted for ConversionMaterialsCostsTotal 5 Cost Reconciliation Schedule Costs accounted for Completed and transferred out Workin process inventory, May 31 Materials Conversion costs Total costs accounted for Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started