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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data reports
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 35,850 4,200 $ 40,050 421,800 229,200 651,000 $ 691,050 Units Direct Materials Conversion Percent CompletePercent Complete Beginning work in process inventory 3,500 100% 20% Units started this period 37,000 Completed and transferred out 36,500 Ending work in process inventory 4,000 100% 60% Exercise 16-14 (Algo) Weighted average: Production cost report LO P2 Exercise 16-14 (Algo) Weighted average: Production cost report LO P2 Prepare the Molding department's production cost report using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Unit Reconciliation Units to account for 53 Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Direct Materials Conversion Units % Complete EUP % Complete EUP Direct Materials Conversion Equivalent units of production Cost per EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for units % Complete EUT % Complete EUP Costs EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost $ 0.00 $ 0.00 Conversion Costs EUP 0 0
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