product costs affect what
Uus May Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process. Problem 4-29 Straightforward Weighted Average Process Costing: Step-by-Step Approach (L04-3,44,4-5) 2. Equivalent units, direct material: 110,000 $ 22,000 4,500 $ 26,500 100.000 80.000 Work in process, April 1-10,000 units Direct material: 100% complete cost of Conversion 20% complete, cost of Balance in work in process, April 1 Units started during April Units completed during April and transferred out to finished goods Inventory Work in process, April 30: Direct material: 100% complete Conversion: 33% complete Costs incurred during Aprt Direct material Conversion costs. Direct labor Appled manufacturing overhead Total conversion costs $198.000 $ 52,800 105.600 Required Prepare schedules to accomplish each of the following process costing steps for the month of April. Use the weighted average method of process costing. 1. Analysis of physical flow of units. 2 Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. 5. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements T Show how the solution will change if the following data change: the April I work-in-process costs were $66,000 for direct material and $18,000 for conversion | Albany Company anumates sty for it Uus May Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process. Problem 4-29 Straightforward Weighted Average Process Costing: Step-by-Step Approach (L04-3,44,4-5) 2. Equivalent units, direct material: 110,000 $ 22,000 4,500 $ 26,500 100.000 80.000 Work in process, April 1-10,000 units Direct material: 100% complete cost of Conversion 20% complete, cost of Balance in work in process, April 1 Units started during April Units completed during April and transferred out to finished goods Inventory Work in process, April 30: Direct material: 100% complete Conversion: 33% complete Costs incurred during Aprt Direct material Conversion costs. Direct labor Appled manufacturing overhead Total conversion costs $198.000 $ 52,800 105.600 Required Prepare schedules to accomplish each of the following process costing steps for the month of April. Use the weighted average method of process costing. 1. Analysis of physical flow of units. 2 Calculation of equivalent units. 3. Computation of unit costs. 4. Analysis of total costs. 5. Build a spreadsheet: Construct an Excel spreadsheet to solve all of the preceding requirements T Show how the solution will change if the following data change: the April I work-in-process costs were $66,000 for direct material and $18,000 for conversion | Albany Company anumates sty for it
