Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show me how to solve Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted

please show me how to solve
image text in transcribed
image text in transcribed
image text in transcribed
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method, Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 6,000 Units completed and transferred out 40,800 Units in process, October 31, 60% complete 12,000 Costs: WIP, October 1 $48,000 Costs added during October 912,000 Required: Prepare a production report for the cutting department. Round cost per equivalent unit to the nearest cent. Use this rounded amount for further calculations. If an amount box does not require an entry, leave it blank or enter "0". Manzer Inc. Cutting Department Production Report For the Month of October (Weighted Average Method) Unit Information Physical flow: 60 Manzer Inc. Cutting Department Production Report For the Month of October (Weighted Average Method) mit Information Units in beginning WIP Units started Total units to account for Equivalent units Units completed Units in ending WIF Total units accounted for Equivalent units: Units completed Units in ending WIP Total equivalent units Costs to account for Coat Information KL000 $4.000 52.000 40.000 12000 01000 40.000 Units completed Units in ending WER Total units accounted for: Equivalent units: Units completed Units in ending WIP Total equivalent units Costs to account for Beginning WIP Incurred during October Total costs to account for Cost per equivalent unit Costs accounted for: Goods transferred out Goods in ending WIF Total costs accounted for Cost Information Transferred Out Ending Work in Process 40.00 12.000 $3,000 40.000 40.000 912000 960000 Total EMIM 4/8/2022

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

More Books

Students also viewed these Accounting questions