Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please fill out as much as possible that isnt completed in the same format. thank you! Weighted Aversge Nethod, Joumat Entries beginning of the process;
please fill out as much as possible that isnt completed in the same format. thank you!
Weighted Aversge Nethod, Joumat Entries beginning of the process; in the Aasemby Deportment, adanianal direct materials are adsed at the end of the procets. In both departments, conversion conts are incurred unitormly throughout the proces completed, is is transferied out. The following table wimmarizes the production sctivity and costs for february 1. Using the weighted averege method, prepare the following for the Molding Department: a. A physical flow schedule b. An equivalent units calculation c. Calculation of unit costs. Round your intermediate computations and final answer to four decimal places. 1 per unit d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar. Cost of ending work in process: 1 Cost of goods transfeired out: $ e. A cost reconciliation. When required, round your answers to the nearest dollar. 2. Prepare joumal entries that show the fow of monufacturing costs for the Molding Department. (a) Materis transfer b4 tones we wes 3. Alpeat Mequirements 1 and 2 for the Assembly Departiment. A. A poysicel faw schedule Assembly Department, Phraical fiew schedule1 b. An equivalent units calculation c. Celculate the total unit costa. Round your intermediate conputations and final answer to four decimal places. serunit b. An equivalent units calculation c. Calculate the total unit costs, Round your intermediate computations and final answer to four decimal places, per unit d. Calculste the cost of ending work in process and cost of poods transferred out, Round your answers to the nearest dollar. Cost of ending work in process: 1 Cost of goods transferred out: 5 e. A cost reconciliation. If required, round your answers to the nearest dotlar. Note: Cost reconcilaton totas orrer ove te roungng emprif Prepare journal entries that show the flow of manufocturing costs for the Assembly Department (o) Materials are added at the end sf the process, (b) cerversion conts are recorde to Finished Goods. b. c. Fotment - Chea Me wist 3. Resd the problem carefuliy. There are some differences in hew the material aditions ace accounted toe. Weighted Aversge Nethod, Joumat Entries beginning of the process; in the Aasemby Deportment, adanianal direct materials are adsed at the end of the procets. In both departments, conversion conts are incurred unitormly throughout the proces completed, is is transferied out. The following table wimmarizes the production sctivity and costs for february 1. Using the weighted averege method, prepare the following for the Molding Department: a. A physical flow schedule b. An equivalent units calculation c. Calculation of unit costs. Round your intermediate computations and final answer to four decimal places. 1 per unit d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar. Cost of ending work in process: 1 Cost of goods transfeired out: $ e. A cost reconciliation. When required, round your answers to the nearest dollar. 2. Prepare joumal entries that show the fow of monufacturing costs for the Molding Department. (a) Materis transfer b4 tones we wes 3. Alpeat Mequirements 1 and 2 for the Assembly Departiment. A. A poysicel faw schedule Assembly Department, Phraical fiew schedule1 b. An equivalent units calculation c. Celculate the total unit costa. Round your intermediate conputations and final answer to four decimal places. serunit b. An equivalent units calculation c. Calculate the total unit costs, Round your intermediate computations and final answer to four decimal places, per unit d. Calculste the cost of ending work in process and cost of poods transferred out, Round your answers to the nearest dollar. Cost of ending work in process: 1 Cost of goods transferred out: 5 e. A cost reconciliation. If required, round your answers to the nearest dotlar. Note: Cost reconcilaton totas orrer ove te roungng emprif Prepare journal entries that show the flow of manufocturing costs for the Assembly Department (o) Materials are added at the end sf the process, (b) cerversion conts are recorde to Finished Goods. b. c. Fotment - Chea Me wist 3. Resd the problem carefuliy. There are some differences in hew the material aditions ace accounted toe 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