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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 ReportFINISHING DEPARTMENT Month Ended September 30, 2022 Equivalent Units UNITS Whole Units Transferred In Direct Conversion 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 (c) n/a (f) (i) COSTS Transferred In Direct Conversion Total Materials Costs costs Costs to account for: Beginning work-in-process n/a $ 1,100 (j) $ 2,150 Costs added during period n/a 12.65 7.575 (k) Total costs to account for n/a (l) 8.625 22.375 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 Instructions Pring . WIPANY TING DEPARTMENT ENTS wa TE TP 2:20 vl E
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 ReportFINISHING DEPARTMENT
Month Ended September 30, 2022
Equivalent Units
UNITS Whole Units Transferred In Direct Conversion
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 (c) n/a (f) (i)
COSTS Transferred In Direct Conversion Total
Materials Costs costs
Costs to account for:
Beginning work-in-process n/a $ 1,100 (j) $ 2,150
Costs added during period n/a 12.65 7.575 (k)
Total costs to account for n/a (l) 8.625 22.375
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
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