Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show all computations XCO Remaining Time: 34 minutes, 20 seconds. Path: Question Completion Status: QUESTION 2 15 points 5 INSTRUCTION 2: Use the information

please show all computations image text in transcribed
XCO Remaining Time: 34 minutes, 20 seconds. Path: Question Completion Status: QUESTION 2 15 points 5 INSTRUCTION 2: Use the information below AND determine the (a) cost of the units transferred out and (b) the cost of the ending WIP for August 31. HINT: Use your hard copy of the production cost report to assist you. Cohen & Soms reports the following information for its Blending process the month of August 2021: Materials are entered at the beginning of the Baking process. Other costs are incurred evenly during the process. Production results were: (1) 37,000 units were started at the beginning of August (2) At August 31, 20121, 3,600 units were left 60% complete as to conversion and 100% complete as to material Cost accumulated during August include: (1) 80 costs (.e, no beginning WIP) at August 1, 2021 (2) Material, $72.000 (3) Labor, $55,000 (4) Manufacturing Overhead, $110,000 REQUIRED Be sure to present ALL computations; otherwise no credit points earned. Use the information below AND determine the (a) cost of the units transferred out and (b) the cost of the ending WIP for August 31, 2021. HINT: Use a hard copy of the production cost report to assist you Round final s-amounts to the nearest 5.01 (e. penny During computations maintain as many places AFTER the decimal as you can.)) TTTT Paragraph Arial 3 (12) GI 10 THE Click Save and Submit to save and submit. Click Save All Answers to see all answers. Save All Answers Save and

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Audit Maximizing Your Companys Efficiency And Effectiveness

Authors: John Nolan

1st Edition

0801975581, 978-0801975585

More Books

Students also viewed these Accounting questions

Question

12.5 Develop a preparation outline and speaking notes for a speech.

Answered: 1 week ago

Question

u = 5 j , v = 6 i Find the angle between the vectors.

Answered: 1 week ago

Question

3. Is it a topic that your audience will find worthwhile?

Answered: 1 week ago

Question

2. Does the topic meet the criteria specified in the assignment?

Answered: 1 week ago