Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

please answer the exercises in the following answer format . please follow the exact answer format

image text in transcribed

image text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Werte Controlling Zur Ber Cksichtigung Von Wertvorstellungen In Unternehmensentscheidungen

Authors: Bernhard Hirsch

2002nd Edition

3824476568, 978-3824476565

More Books

Students also viewed these Accounting questions