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Please post in excel Process Costing Problem Download the file to complete the problem in Excel, then upload your file in the answer box Excel
Please post in excel
Process Costing Problem Download the file to complete the problem in Excel, then upload your file in the answer box Excel Process Costing A producer of midcentury modern doll chairs, Santa, Inc. uses a process costing system. The following information pertains to operations for the month of November Percentage Complete Units Direct Materials Conversion Beginning Work in Process Inventory, 19,800 60% 20% November 1 Started in production 96,700 during November Ending Work in Process 16,500 90% 40% Inventory Beginning Work in Process Inventory Costs: Material $68,200 Conversion $44,560 Current Period Costs: Material $793,175 Conversion $1,367,890 REQUIRED Using the weighted average method, answer the following questions: 1. How many units were completed and transferred to finished goods? 2. What are the total equivalent units for each cost component? 3. What is the cost per equivalent unit for each cost component? 4. What is the cost transferred to Finished Goods Inventory? 5. What is the cost of ending WIP inventory? 6. If there was no beginning finished goods inventory for November and 91,500 units were sold in November how much is COGSStep by Step Solution
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