Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 (or 9) value 1.11 points QS 16-19 Weighted average: Assigning costs to output LO C3 The Plastic Flowerpots Company has two manufacturing departments,

image text in transcribed
Question 3 (or 9) value 1.11 points QS 16-19 Weighted average: Assigning costs to output LO C3 The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month the molding department has 2,700 units in inventory, 70% complete as to materials During the month, the molding department started 21,500 units. At the end of the month, the molding department had 4,050 units ending inventory, 80% complete as to materials Units completed in the molding department are transferred into the packaging department Cost information for the molding department for the month follows Beginning work in process inventory (direct materials) Direct materials added during the month $1,900 34,900 Using the weighted-average method, assign direct materials costs to the molding department's output-specifically, the units transferred out to the packaging department and the units that remain in process in the molding department at month-end. (Do not round intermediate calculations and round your final answers to nearest whole number.) Weighted.Average Method Direct Materials Costs of units transferred out Direct materials Costs of ending work in process Direct materials Total costs assigned References eBook & Resources Worksheet OS 16-19 Weighted average Assigning costs to output Lo C3 LL1710

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_2

Step: 3

blur-text-image_3

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

Commercial Energy Auditing Reference Handbook

Authors: Steve Doty

3rd Edition

1498769268, 978-1498769266

More Books

Students also viewed these Accounting questions

Question

Approaches to Managing Organizations

Answered: 1 week ago

Question

Communicating Organizational Culture

Answered: 1 week ago