Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION THREE Jaffa Ketchup uses a process costing packaging. The Packaging Department reported the lo process inventory were 90% complete with respect to directa respect

image text in transcribed

QUESTION THREE Jaffa Ketchup uses a process costing packaging. The Packaging Department reported the lo process inventory were 90% complete with respect to directa respect to conversion. P oss costing system to determine its product's cost. The last of the three processes is naging Department reported the following information for August. Note: The units in eng were 90% complete with respect to direct materials, but only 60% complete with Monac WIP Required: Fill in the missing figures for blanks (19) through (30). 90% Equivalent Units Physical Units Transferred Direct Materials Units to account for: Conversion Costs Beginning work in process 23,000 BUS conf Go Transferred in during July 229,000 (19, 252,000 (19) Total units to account for Units accounted for: Completed & transferred out (20) 224,000 22) 229,000 (25) 224,000 23 224 000 Ending work in process 28,000 (23) 25,200 (2622,680 29, 16,800 Total units accounted for: (21) 252/000 24, 254,200 (27 249,200 (30) 240,800 Total equivalent units

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

Modern Auditing

Authors: Guadarshan S. Gill, Cosserat Graham, Leung Philomena, Coram Paul

5th Edition

0471340723, 978-0471340720

More Books

Students also viewed these Accounting questions

Question

Discuss the goals of financial management.

Answered: 1 week ago