Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 16-OSA Polk Company naructures baseball, er we need at the beginning of the prodution process and conversa consecured untomy, Prouston and cost them for

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Problem 16-OSA Polk Company naructures baseball, er we need at the beginning of the prodution process and conversa consecured untomy, Prouston and cost them for the month of May 2000 este Percent Production Data-thall tints Complete Work in prost, July 1 530 60 Usted to producten 1.230 Work in process, July 31 600 Contaa-asketball Work in procesu Cover 650 11.370 2. Orect her Manufacturing overhead Calculate the equivalent units of production for water and conversion costs Material Conversion Cute quent units Calculate the cost of production for materials and conversion costs (ni lo decimales 2.25.) Materials Conversion costs Cost per un Calculate the assignment of costs to units transferred out and in process at the end of the accounting period, Costs accounted for Transferred out Work in pront,31 Convern OS Total costs Prepare a production cost report for the month of July for the basketbal. (Round unit costs to determal places, e., 2.25 and all other answers to decimal places, 4.0.2,250.) POLK COMPANY Basketbal Department Production Cost Report For the Month Ended July 31, 2020 Equivalent Units Physical Conversion Units Materials Costs Quantities Unts to be accounted for Work in process, July 1 Started into production Total units Unuts to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 1 Total units Materials Conversion Costs Total Costs Unit costs Total costs Equivalent units Unit costs Coists to be accounted for Work in process, Xuly 1 Started into production Total costs Help System Announcements Unit costs Total costs Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs Click if you would like to show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Nike Inc Strategic Audit SWOT Pestle Competitor And Financial Analysis

Authors: Bankim Chandra Pandey

1st Edition

1973352516, 978-1973352518

More Books

Students also viewed these Accounting questions

Question

b. What groups were most represented? Why do you think this is so?

Answered: 1 week ago

Question

3. Describe phases of minority identity development.

Answered: 1 week ago

Question

5. Identify and describe nine social and cultural identities.

Answered: 1 week ago