Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production cost report -- Atropicas Corp. 10 Instructions: Use the following data to prepare a production cost report (using weighted average method). points Business name:

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Production cost report -- Atropicas Corp. 10 Instructions: Use the following data to prepare a production cost report (using weighted average method). points Business name: Atropicas Corp. Accounting period: May 2018 eBook Business name: Atropicas Corp. Accounting period: May 2018 10 points Department 1 Units in beginning WIP Units started Units to account for 600 47,000 47,600 eBook Print Units completed/transferred out Units in ending inventory: Units accounted for 46,100 1,500 47,600 References Units in ending WIP, percent completed: Materials 65% Labor 90% Overhead 52% Costs in beginning WIP Materials Labor Overhead $62,000 $88,000 $36,000 October Costs incurred during Materials Labor Overhead $352,000 $178,000 $110,000 Department 2 Units in beginning WIP Units started Units to account for 2,300 46,100 48,400 points Units completed/transferred out Units in ending WIP Units accounted for 47,500 900 48,400 eBook Print References Units in ending WIP, percent completed Materials 95% Labor 24% Overhead 22% Costs in beginning WIP Materials Labor Overhead Transferred in $107.000 $54,000 $30,000 $86,000 October Costs incurred during Materials Labor Overhead Transferred in $245,000 $156,000 $320,000 Department 1 Flow of physical units: O You skipped this question in the previous attempt. Assignment of total costs: Cost of units completed and transferred out: Cost of units in ending WIP: Department 2 Flow of physical units: ences Assignment of total costs: Cost of units completed and transferred out: Cost of units in ending WIP: ere to search

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

Introduction To Industrial Energy Efficiency Energy Auditing Energy Management And Policy Issues

Authors: Patrik Thollander, Magnus Karlsson, Patrik Rohdin, Johan Wollin, Jakob Rosenqvist

1st Edition

0128172479, 978-0128172476

More Books

Students also viewed these Accounting questions

Question

2. Are my sources up to date?

Answered: 1 week ago