Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer in same format as table below and show all work and calculations. Thank you. Alvis Construction Supply Company has a department that manufactures
Please answer in same format as table below and show all work and calculations. Thank you.
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction Industry). The following information is for the production of these trusses for the month of February 3,800 trusses 310,280 $15,058 17,800 trusses 16,800 trusses Work-in-process inventory, February 1 Direct materials: 100% complete Conversion: 4ex complete Units started during February Units completed during February and transferred out Work-in-process inventory, February 29 Direct materials: 100% complete Conversion: 20% complete Costs incurred during February Direct materials Conversion $58,840 $91,892 Required Using the weighted-average method, calculate the following: 1-a. Costs per equivalent unit. (Round your answers to 4 decimal places.) 1-6. Cost of goods completed and transferred out. (Round "Cost per EU" to 4 decimal places. Round final answer to nearest whole dollars.) 1-C Costs remaining in the Work-in-Process Inventory account (Round "Cost per Eu" to 4 decimal places. Do not round other Intermediate calculations, Round final answer to nearest whole dollars.) 2. Assume that you are the company's controller. The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 20 to 40% to lower the unit costs, how much would unit cost be affected by this request? (Round your answer to 4 decimal places.) Direct Materials Conversion tra cost per EU 1-6. Cost of goods completed and Vansferred out 1- Costs remaining in the WIP Inventory account 2 The weighted average cost per equivalent unit doreste by 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