Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 19 of 20 View Policies < > Current Attempt in Progress Carla Vista Processing Company uses the weighted-average method and manufactures a single

image text in transcribedimage text in transcribedimage text in transcribed

Question 19 of 20 View Policies < > Current Attempt in Progress Carla Vista Processing Company uses the weighted-average method and manufactures a single product-an industrial carpet shampoo used by many universities. The manufacturing activity for the month of October has just been completed. A partially complcted production cast report for the month at October for the Mixing and Cooking Department is as follows. Beginning work in process is 100% complete for direct materials and 70% complete for conversion costs. Ending work in process is 60% complete for direct materials and 40% complete for conversion costs. (2) Prepare a schedule that shows how the equivalent units were computed so that you can complete the "Quantities: Units accounted for equivalent units section shown in the production cost report, and compute October unit costs. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) Quantities CARLA VISTA PROCESSING COMPANY Mixing and Cooking Department Production Cost Report For the Month Ended October 31, 2022 Equivalent Units Physical Units Materials Units to be accounted for Work in process, October 1 23,600 (all materials, 70% conversion costs) Started into production 177,000 Total units to be accounted for 200.600 Units accounted for Completed and transferred out 141.600 Work in process, October 31 (60% materials, 40% conversion costs) 59,000 Total units accounted for 200,600 Costs Unit costs Total Costs Equivalent units Unit costs $ Materials $265,500 $ Conversi Costs Conversi Costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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 for Governmental and Nonprofit Entities

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

16th Edition

78110939, 978-0078110931

Students also viewed these Accounting questions

Question

. What is the difference between rationing and economic queuing

Answered: 1 week ago

Question

What is master production scheduling and how is it done?

Answered: 1 week ago