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Ross Company has the following data for the Assembly Department for August: Conversion costs are added evenly throughout the process. The company uses the weighted-average
Ross Company has the following data for the Assembly Department for August:
Conversion costs are added evenly throughout the process. The company uses the weighted-average method.
Complete Scenarios 1-4
Data Table 300 Units in process at the beginning of August Units started in August Units completed and transferred Units in process at end of August 1,600 1,300 600 Scenario 1. Units in process at the end of August are 20% complete, materials are added at the beginning of the process. Ross Company Production Cost Report - Assembly Department (Partial) Month Ended August 31 Equivalent Units Physical Direct Conversion UNITS Materials Costs Units accounted for Completed and transferred out Ending work-in-process Total units accounted for Units Scenario 2. Units in process at the end of August are 80% complete, materials are added at the beginning of the process. Ross Company Production Cost Report - Assembly Department (Partial) Month Ended August 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for Completed and transferred out Ending work-in-process Total units accounted for Scenario 3. Units in process at the end of August are 20% complete; materials are added at the end of the process. (Complete all answer boxes. Enter "0" for zero balances.) Ross Company Production Cost Report - Assembly Department (Partial) Month Ended August 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS Units accounted for Completed and transferred out Ending work-in-process Total units accounted for Scenario 4. Units in process at the end of August are 80% complete; materials are added at the halfway point. Ross Company Production Cost Report - Assembly Department (Partial) Month Ended August 31 Equivalent Units Physical Direct Conversion Units Materials Costs UNITS Units accounted for: Completed and transferred out Ending work-in-process Total units accounted forStep by Step Solution
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