Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Reed Paper Co produces the paper used by walpaper manufacturers. Roodle four stage proces includes mang The Micry Department compted the originta for March cooking,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Reed Paper Co produces the paper used by walpaper manufacturers. Roodle four stage proces includes mang The Micry Department compted the originta for March cooking, roting, and cuting Cok the icon to view the data) old the contradditional information Read the requirement Tequirement Propera producten cost reportes e Mung Department to March. The company wes the weighted averapu motot. Round at osat per unit amount to the nearest content or other to Arvions of production) Reed Paper Ce Production Cost Report Mixing Department Month Ended March 31 Data Table Equivalent Unite Physical Direct Conversion Direct Direct Manufacturing Total UNITS Unita Materiale Costa Material Units in account for Beging work in process 400 More info Started in production 3600 Total to count for 4000 On March 1, the Mixing Department had 400 rs of paper in process. During for March, the Mixing Department completed the mining process for those 400 ron and also started and completed the maing process for an additional 3,600 role of Units accounted for paper. The department started but did not finish the main process foran additional 600 role, which were 20% complete with respect to both direct materials Compare and transferred 3400 4300 3600 and conversion work at the end of March Direct materials and conversion costs Ending work in procese 000 600 (600 are nourred evenly throughout the moong process Total unts courted for 4000 4000 Print Done Choose from a lot or enter any number in the input fields and then click Check Answer 4 Part remaining Clear All Check i Data Table Direct Materials Direct Labor Manufacturing Overhead Allocated Co i More Info X On March 1, the Mixing Department had 400 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 400 rolls and also started and completed the mixing process for an additional 3,600 rolls of paper. The department started but did not finish the mixing process for an additional 600 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. Print Done Clear All Che Department for March. The company uses the weighted-average method. (Round all cost per unit a Department 4 Data Table * Requirements - 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted average method. 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Print Done 4300 3600 600 600 age method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole i Data Table Beginning inventory, Mar. 1 Direct Direct Manufacturing Total Materials Labor Overhead Allocated Costs $ 250 $ 555 $ 190 $ 995 4,282 1,773 3,250 9,305 Costs added during March $ Total costs 4,532 $ 2,328 $ 3,440 $ 10,300 Print Done

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

Fraud Smart

Authors: K. H. Spencer Pickett

1st Edition

0470682582, 978-0470682586

More Books

Students also viewed these Accounting questions