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Practice - Process costing i 1 10 points Saved Help Save & Exit Submit Check my work Based on customer interest in February, Santana
Practice - Process costing i 1 10 points Saved Help Save & Exit Submit Check my work Based on customer interest in February, Santana expands her computer workstation furniture business to include mass production of standardized desks and chairs. She uses the weighted average method of process costing for these products. Desks are made in three processes: Cutting, Finishing, and Packaging. Information below is for the Cutting process for desks for February. Skipped Cutting process-Desks Beginning work in process inventory eBook Print Units started this period Units completed and transferred to Finishing Ending work in process inventory (100% complete for direct materials, 90% complete for conversion) Costs added this month Direct materials Conversion Cost $ 23,250 4,380 References Required: 1. Compute equivalent units of production for both direct materials and conversion for February. 2. Compute cost per equivalent unit for both direct materials and conversion for February. 3. Assign costs to units transferred out to Finishing and to units in ending work in process inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute equivalent units of production for both direct materials and conversion for February. Direct Materials Conversion Units Percent Complete EUP Percent Complete EUP Total units < Required 1 Required 2 >
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