Question
Preparing production cost report, missing amounts Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion
Preparing production cost report, missing amounts Complete the missing amounts in the following production report. Materials are added at the beginning of the process; conversion costs are incurred evenly; the ending inventory is 60% complete. DAWSON COMPANY Production Cost Report—FINISHING DEPARTMENT Month Ended September 30, 2022 Equivalent Units UNITS Whole Units Transferred In Direct Conversion Materials Costs Units to account for: Beginning work-in-process200 Started in production2.3 Total units to account for(a) Units accounted for: Completed and transferred out(b)n/a(d)(g) Ending work-in-process500n/a(e)(h) Total units accounted for(c)n/a(f)(i) COSTS Transferred In Direct Conversion Total Materials Cost s costs Costs to account for: Beginning work-in-process n/a$ 1,100(j)$ 2,150 Costs added during period n/a12.657.575(k) Total costs to account for n/a(l)8.62522.375 Divided by: Total EUP n/a(m)(n) Cost per equivalent unit n/a(o)(p)(q) Costs accounted for: Completed and transferred out n/a(r)(s)(t) Ending work-in-process n/a(u)(v)(w) Total costs accounted for n/a(x)(y)$ 22,375
DAWSON COMPANY Production Cost Report-FINISHING DEPARTMENT Month Ended September 30, 2022 Equivalent Units Direct Conversion Whole Transferred UNITS Units In Materials Costs Units to account for: Beginning work-in-process 200 Started in production 2.3 Total units to account for (a) Units accounted for: Completed and transferred out (b) n/a (d) (g) Ending work-in-process 500 n/a (e) (h) Total units accounted for (). n/a (i) Direct Conversion Total Transferred COSTS In Materials Costs costs Costs to account for: Beginning work-in-process Costs added during period n/a $1,100 U)' $2,150 n/a 12.65 7.575 (k) Total costs to account for n/a 8.625 22.375 Divided by: Total EUP n/a (m) (0) (n) (p) Cost per equivalent unit n/a Costs accounted for: Completed and transferred out n/a (r) (5) (t) Ending work-in-process n/o (v) (w) Total costs accounted for n/a (x) (y)' $ 22,375
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