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 Beginning Inventory 767 units 47% complete in Materials and

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

Beginning Inventory 767 units 47% complete in Materials and 36% Complete in conversion or Units started and completed 8,999 units Ending Inventory 593 units 32% complete to material and 49% complete to conversion Prior Month Shaping and Milling Dept MATERIALS CONVERSION Total Cost of Beginning WIP Inventory...... ..$ 11,705...............56,752........518,457 Costs added during the period.............$369,408...... ...$372,885........$742,293 (EUP 4 FIFO Total Cost (a)........... ..S381,113............5379,637.........5760,750 (WA) Required: Prepare the schedule of EUP for Weighted Average and FIFO methods and for application of cost 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

Managerial Accounting 1

Authors: Ray H. Garrison

1st Edition

1259114457, 978-1259114458

More Books

Students also viewed these Accounting questions