Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls can u answer this question on an excel sheet and pls answer it step by step Question 5 (20 marks) ABC Company has several

pls can u answer this question on an excel sheet and pls answer it step by step

image text in transcribed
Question 5 (20 marks) ABC Company has several processing departments. Costs to be accounted for in the assembly department for October were, $ 1,202,400. Work in Process Inventory, Oct 1 $29,000 Direct Materials $16,500 Conversion Costs $916,000 Direct Materials Added During Oct $100,000 DirectLabour $140,900 Manufacturing Overhead 25,000 units were in beginning work In process. I 425,000 units started this month. 35,000 units in ending Inventory. 40% complete In terms of conversion costs. 1005's of Direct Materials are added at the start. Instructions A. Determine the equivalent units of production and unit production costs for the assembly department. B. Determine the assignment of costs to goods completed and transferred out, and work in process inventory. C. Prepare a production cost report for the assembly department for October

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

Students also viewed these Accounting questions