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Please make sure to submit to me for my review in EXCEL format. Thanks, Please Submit for MY review in EXCEL Format Straightforward Weighted- Average
Please make sure to submit to me for my review in EXCEL format. Thanks,
Please Submit for MY review in EXCEL Format Straightforward Weighted- Average Process Costing; Step-by-Step Approach Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process. 4 Work in process, April 110,000 units: Direct material: 100% complete, cost of ................................................................................................ $ 22,000 Conversion: 20% complete, cost of ....................................................................................................... 4,500 Balance in work in process, April 1 ....................................................................................................... $ 26,500 Units started during April .......................................................................................................................... 100,000 Units completed during April and transferred out to finishedgoods inventory ............................................... 80,000 Work in process, April 30: Direct material: 100% complete Conversion: 33 1 3 % complete Costs incurred during April: Direct material ..................................................................................................................................... $198,000 Conversion costs: Direct labor ..................................................................................................................................... $ 52,800 Applied manufacturing overhead ... .................................................................................................... 105,600 Total conversion costs ...................................................................................................................... $158,400 Required: Prepare schedules to accomplish each of the following processcosting steps for the month of April. Use the weighted-average method of process costing. 1. Analysis of physical flow of units. 2. Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. 5. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following data change: the April 1 workin-process costs were $27,000 for direct material and $5,000 for conversionStep by Step Solution
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