Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Procter & Gamble uses the weighted-average method in its process costing. Information about boxes of Bounty manufactured during a recent month in the Pulping Department

Procter & Gamble uses the weighted-average method in its process costing. Information about boxes of Bounty manufactured during a recent month in the Pulping Department follow:

Units

Materials & Conversion % Complete

Beginning work in process inventory

15,000

40% M, 25% C

Units started into production..............

275,000

Units completed and transferred out..

?

Ending work in process inventory......

40,000

60% M, 30% C

The beginning work in process inventory in the Pulping Department had $7,500 in materials cost and $35,000 in conversion cost. During the month, the Department incurred an additional $80,000 in materials cost $375,000 in conversion cost.

a. Determine the equivalent units of production for the month in the Baking Department for materials and conversion. (4 points)

b. Determine the cost per equivalent unit of production for the month in the Baking Department for materials and conversion. (4 points)

c. Determine the cost of ending work in process inventory? (4)

d. Determine the cost of units transferred to the next department? (4)

Please show your work to get full credits on answers.

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

Step: 3

blur-text-image

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

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

7th Edition

1-119-57105-6, 978-1119571056

More Books

Students also viewed these Accounting questions

Question

Summarize the impact of stress on physical well-being.

Answered: 1 week ago

Question

Armed conflicts.

Answered: 1 week ago

Question

Pollution

Answered: 1 week ago