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PLEASE HELP... NEED IT BEFORE MIDNIGHT Easton Co. produces its product through a single processing department. Direct materials are added at the start of production,
PLEASE HELP... NEED IT BEFORE MIDNIGHT
Easton Co. produces its product through a single processing department. Direct materials are added at the start of production, and direct labor and overhead are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process cost accounting system. Its Goods in Process Inventory account follows after entries for direct materials, direct labor, and overhead costs for October. Its beginning goods in process consisted of $47,338 of direct materials, $80.320 of direct labor, and $87.880 of factory overhead. During October, the company started 141,000 units and transferred 153,000 units to finished goods. At the end of the month, the goods in process inventory consisted of 21.800 units that were 80% complete with respect to direct labor and factory overhead. Required: 1. Prepare the compan5is process cost summary for October using the weighted-average method. (Due to rounding of cost per unit, the total costs accounted for in the cost summary may not equal to sum of all the costs given in the problem. Round your cost per EUP answers to 2 decimal places and consider the same in the other calculations. Round other answers to the nearest dollar amount Omit the $ sign in your response.) Total costs to account forStep by Step Solution
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