Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information Use the following Information for the Exercises below. The following information applies to the questions displayed below During April, the production department of
Required information Use the following Information for the Exercises below. The following information applies to the questions displayed below During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 83,000 were in process in the production department at the beginning of April and 332,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 105,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect Exercise 3-9 Weighted average: Costs assigned to output and Inventories LO C2 The production department had $1,529,595 of direct materials and $1.012.100 of conversion costs charged to it during April Also, its i beginning inventory of $292,655 consists of $253,655 of direct materials cost and $39.000 of conversion costs. 2. Using the weighted-average method, compute the direct materials cost and the conversion cost per equivalent unit and assign Aprilt's costs to the department's output (Round "Cost per EUP" to 2 decimal places.) Equivalent Units of Production (EUP- Weighted Average Method EUp_ Units % Materials. nversioR ost per Equivalent Unit of Production Material EuP Required information 12 points Equivalent units of production Unit ef Mat on Costs Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs to Account for: Costs eBook EUP EUP 0.00 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit 0. st Assignment and Reconciliation Cost of units transferred out Cost per Total cost EUP EUP Direct materals Conversion Toral costs transferred ous ost perTotal cost EUP Gosts of ending work in process Directimaferials CONf endng Wk csss
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started