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Please show all the steps and use the Weighted Average Method: 3. Calculate total Cost of Goods Sold given the following: o Direct materials per
Please show all the steps and use the Weighted Average Method:
3. Calculate total Cost of Goods Sold given the following: o Direct materials per unit: $200 o Direct labor per unit: $175 o OH as a percentage of direct labor: 60% o Units produced: 700 o Units in Ending Inventory: 300 o Beginning Inventory: O units o Hints: Calculate total costs per unit, number of units sold, and then you can determine COGS 4. Calculate EUP, cost per EUP, assign cost to ending WIP and units completed and transferred given the following: o Beginning Inventory (completed during the current month): 3,500 units o Units started and completed during the month: 31,500 units o Ending WIP Inventory 3,000 units -80% complete for materials 40% complete for conversion costs o Beginning Inventory Costs Materials: $10,000 Conversion: $25,000 o Manufacturing Costs incurred during the current month Materials: $210,000 Conversion: $225,000Step by Step Solution
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