Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question 2 &3 please Time Elapsed 1 hour, 12 minutes out of 1 hour and 15 minutes - Results Displayed incorrectly Answered Questions 10 out

image text in transcribed

question 2 &3 please

Time Elapsed 1 hour, 12 minutes out of 1 hour and 15 minutes - Results Displayed incorrectly Answered Questions 10 out of 10 points Question 1 The Lakeside Company uses a weighted average process costing system. The following data are available: Beginning inventory 1,000 units (100% complete as to materials and 50% complete as to labor and overhead: Units started in production 19,000: Units finished during the period 16,000; Units in process at the end of the period (100% complete as to materials and 25% complete as to labor and overhead) 4,000; Costs in beginning inventory were materials of $1,500 and Labor and overhead costs $1,000; Cost added during the period were $35,200 for materials and Labor and overhead costs of $37,400. What is the weighted average cost per EUP of materials for the period? Round to the nearest $.001. 0 out of 10 points Question 2 The Poolside Company uses a FIFO process costing system. The following data are available:Bearing inventory 1,000 units (100% complete as to materials and 50% 12 complete as to labor and overhead): Units started in production 19.000 Units finished during the period 16,000; Units in process at the end of the period (100% complete as to materials and 25% complete as to labor and overhead) 4.000: Costs in beginning inventory were materials of $1,500 and Labor and overhead costs $1,000: Cost added during the period were $85,200 for materials and Labor and overhead costs of $37,400. What is the FIFO value of materials in ending Work in Process Inventory for the period? Round to the nearest 51.00. Question 3 0 out of 10 points The Townson Manufacturing Company has gathered the following Information for the month of September pertaining to its use of materials in Work in Process X beginning inventory had 4,500 (FUP) valued at $$13,500, $202.000 of materials were added during the month ending inventory consisted of 16,000 (EUPs) and 50,000 units were completed and transferred to the next Hepartment. What is the FIFO value of materials transferred out of ending Work in Process Inventory for the month of September? Round to the nearest 51.00

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

Social Responsibility Audit A Management Tool For Survival

Authors: John W Humble

1st Edition

0900853522, 978-0900853524

More Books

Students also viewed these Accounting questions

Question

2 1 8 . .

Answered: 1 week ago

Question

Identify the types of informal reports.

Answered: 1 week ago

Question

Write messages that are used for the various stages of collection.

Answered: 1 week ago