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Pls help will leave good teview! Questi Carla Vista Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the
Pls help will leave good teview!
Questi Carla Vista Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning. and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department Production Data-July T12-Tables 0 Work in process units, July 1 Units started into production 19,200 Work in process units, July 31 2,880 Work in process percent complete as to conversion, July 31 60% Cost Data-July Work in process, July 1 $0 Direct materials used in July 364,800 Direct labor incurred in July 225,024 Manufacturing overhead assigned in July 99,840 Total $689,664 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete as to conversion, July 31 Cost Data-July Work in process, July 1 Direct materials used in July Direct labor incurred in July Manufacturing overhead assigned in July Total Cutting Department T12-Tables 0 19,200 2,880 60% $0 364,800 225,024 99,840 $689,664 Compute the physical units of production. Units to be accounted for 19200 Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs Total equivalent units Determine the unit costs of production for July. Materials T12 Tables Conversion Costs Total Costs Show the assignment of costs to units completed and transferred out and to work in process for July. T12 Tables Costs accounted for: Completed and transferred out Work in process Materials Conversion costs Total costs 2 !! Prepare the production cost report for July 2022. Physical Units Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for CARLA VISTA INDUSTRIES INC. Cutting Department Production Cost Report Equivalent Units Materials Conversion. Costs Units accounted for Completed and transferred out Work in process, July 31 Total units Costs Unit costs Total Costs Equivalent units Lait carte 11 $ Materials. Conversion Costs $ Reconciliation Schedule: Costs to be accounted for Work in process, July 1 Started into production Total costs Costs accounted for Completed and transferred out Work in process, July 31 in Costs accounted for Completed and transferred out Work in process, July 31 Materials Conversion costs Total costs: S $ Step by Step Solution
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