Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please double check my answers thank you! Requirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted-average
Please double check my answers thank you!
Requirement 1. Prepare a production cost report for the Mixing Department for
March.
The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.)
1 Data Table Beginning inventory, Mar. 1 Costs added during March Direct Direct Manufacturing Total Materials Labor Overhead Allocated Costs $ 280 $ 310 $ 170 $ 760 5,504 4,113 3,360 12,977 5,784 $ 4,423 $ 3,530 $ 13,737 Total costs Neal Paper, Co. Production Cost Report-Mixing Department Month Ended March 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units to account for Beginning work-in-process Started in production 4950 5300 Total units to account for 350 Units accounted for Completed and transferred out Ending work-in-process 4700 4700 120 4700 120 600 4100 4580 Total units accounted for 4580 Direct Materials Conversion Costs Total Costs 480 760 280 5504 7473 12977 COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Divided by: Total EUP Cost per equivalent unit Costs accounted for: Completed and transferred out 5784 7953 13737 4580 4580 1.26 1.74 5207 5817 Ending work-in-process Total costs accounted forStep 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