Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer the exercises in the following answer format . please follow the exact answer format EXERCISE: Beginning Inventory 711 units 69% complete in Materials
please answer the exercises in the following answer format . please follow the exact answer format
EXERCISE: Beginning Inventory 711 units 69% complete in Materials and 43% Complete in conversion or Units started and completed 7,954 units Ending Inventory 609 units 48% complete to material and 25% complete to conversion Prior Month Shaping and Milling Dept MATERIALS CONVERSION Total Cost of Beginning WIP Inventory...... 9,700..................$5,575............$15,275 Costs added during the period........ ...$369,600.......... ..$350,900......... ..$720,500 (EUP 4 FIFO Total Cost (a).... ..$379,300..... ..$356,475..............9735,775 (WA) Required: Prepare the schedule of EUP for Weighted Average and FIFO methods and for application of costs Answer format Costs Beginning Costs added during the period Total Cost (WA) WEIGHTED AVERAGE Materials Conversion Total Beg.Iny* M C* Cost to complete BI M" Units started completed EI M" WA Total EUP Total Cost (WA) Rate WA EUP Fifo Total EUP Fifo Total Cost FiFo Rate EUP APPLICATION OF COST Materials Conversion Total Costs EI Cheat Costs of TRSF out Total Cost (WA) My Costs Difference FIFO Costs Beginning Cost to compete BI Cost added during period EI Total Cost (WA) My costs Difference
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