Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question One: Sha Sunshine Beach Company manufactures suntan lotion through two departments: XX and YY. Materials are entered at the beginning of each process. For

image text in transcribed

Question One: Sha Sunshine Beach Company manufactures suntan lotion through two departments: XX and YY. Materials are entered at the beginning of each process. For June, the following cost data are obtained from the two work in process accounts. XX YY $0 ?? 510,000 330,000 Work in process, June 1 Materials Conversion costs Costs transferred in Costs transferred out Work in process, June 31 ?? 380,000 700,000 ?? ?? 700,000 200,000 Instructions: (support your answers with an explanation). (a) If 3,100 suntan lotions were started into production on June 1 and 2,600 suntan lotions were transferred to YY, what was the unit cost of materials for June in the YY Department? (b) Using the data in (a) above, what was the per unit conversion cost of the suntan lotions transferred to YY? (c) (c) Continuing the assumptions in (a) above, what is the percentage of completion of the units in process at June 31 in the XX Department

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

The Future Of Audit Keeping Capital Markets Efficient

Authors: Keith Houghton, Christine Jubb, Michael Kend, Juliana Ng

1st Edition

1921666501, 978-1921666506

More Books

Students also viewed these Accounting questions