Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer ASAP , No explanation needed Just the answer . Thanks in Advance Determine the missing amount in the production report (numbered from A
Please answer ASAP , No explanation needed Just the answer . Thanks in Advance
Determine the missing amount in the production report (numbered from A to E) The amount of physical units started into production (letter A) * 1,000 units 3,000 units 4,000 units None of the options The amount of total equivalent units under the conversion cost (letter B) * 500 units 3,500 units 4,500 units None of the options The total conversion cost amount (letter C)* $4,750 $33,250 $38,000 * Total unit cost (letter D) $34.5 $17.83 $15.75 None of the options Work-in-process ending cost at the material level (letter E) * $7,142.8 $18,750 $25,000 None of the options * Total unit cost (letter D) $34.5 $17.83 $15.75 None of the options Work-in-process ending cost at the material level (letter E) * $7,142.8 $18,750 $25,000 None of the options Help the company to complete the below production cost report: Cutting Department Production Cost Report For the Month Ended July 31 Equivalent Units Conversion Physical Units Materials Costs Quantities Units to be accounted for WIP, beginning Started into production Total Units A 4,000 Units accounted for Transferred out WIP, ending Total Units 1.000 1.000 500 B E Costs Materials Total Conversion Costs C $25,000 9.5 D Unit Costs Total Cost Equivalent Units Unit Costs Costs to be accounted for WIP, beginning Started into production Total Costs Cost Reconciliation Schedule Costs accounted for $0 58,250
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