Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE ANSWER. I WILL SURELY GIVE THUMBS UP. THANK YOU WHS 0 = Untitled-document-1 - Word ? O FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES
PLEASE ANSWER. I WILL SURELY GIVE THUMBS UP. THANK YOU
WHS 0 = Untitled-document-1 - Word ? O FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW Sign in Cut Arial - 11 - A A A A - E ALT Paste Eg Copy AaBbCcc AaBb CCDi AalbCcl AaBbCcl AaBb Ccl AaBbCel AaBbCcl AaBb Ccl 1 No Spac... Heading 7 Subtle Em... Emphasis Intense E... Strong Quote Intense Q.. # Find - ac Replace Select- BIU - abe x, x x? A - aly - A Format Painter Clipboard Font Paragraph Styles Editing The Fantastic Decorations Corporation makes wreaths in two departments: Fonning and Decorating. Forming began the month with 500 wreaths in process that were 100 percent complete as to material and 40 percent complete as to conversion. During the month, 6,500 wreaths were started. At month end, Forming had 2,100 wreaths that were still in process that were 100 percent complete as to material and 50 percent complete as to conversion. Assume Forming uses the weighted average method of process costing. Costs in the Forming Department are as follows: $1,000 1,500 Beginning Work in Process Costs: Material Conversion Current Costs: Material Conversion $3,200 5,045 The Decorating Department had 600 wreaths in process at the beginning of the month that were 80 percent complete as to material and 90 percent complete as to conversion. The department had 300 units in ending Work in Process that were 50 percent complete as to material and 75 percent complete as to conversion. Decorating uses the FIFO method of process costing, and costs associated with Decorating are: 1 Beginning WIP Inventory: Transferred In $1,170 Material 4,320 Conversion 6,210 Current Period: Transferred In ? Material $67,745 Conversion 95,820 How many units were transferred to Decorating during the month? * What was the cost per EUP for material cost in Forming Department? What was cost per EUP for conversion costs in Forming Department? What was the cost transferred out of Forming Department during the month? * What was the WIP Inventory ending balance in Forming Department? How many units were accounted for in Decorating Department? What was the cost transferred out of Decorating Department during the month? What was the WIP Inventory ending balance in Decorating Department? NACEAED BAALAISDNC Ba E E I 1 gi PI w Untitled-document-... -e Px) (1) Facebook - Googl... Facebook - Google C... 1:34 M 0 lStep 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