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Ruby Lips produces a lo baim used for cold-weather sports. The baim is manufactured in a single processing department. No lip balm was in process
Ruby Lips produces a lo baim used for cold-weather sports. The baim is manufactured in a single processing department. No lip balm was in process on May 31, and Ruby started production on 20,500 p balm Subes during June Direct materials are added at the beginning of the process, but conversion costs are incurred evenly throughout the process. Completed production for June totaled 15,200 units. The June 30 work in process was 40% of the way through the production process. Direct materials costing $4.305 were placed in production during June, and direct labor of $3,410 and manufacturing overhead of 5320 were assigned to the process Read the rents Ruy Lipe Lip Balm Department Cost per Equivalent Unit Month Ended June 30 Direct Materials Conversion Costs 4305 4305 Beginning work in process Plus. Costs added duning June Total costs to account for Requirements 1. Fl in the me na for Ruby Lips 2. Use the me to help you compute the total equivalent units and the cost 3 Assign total costs to (a) units completed and transfened to Finished Goods 4 Prepare a Taunt for Work in Process Inventory to show activity tung June, duding the Jun 30 Print Done Divided by Total equivalent unts Cost per equivalent unit Requirement 3. Assign total costs to (a) units compened and transferred to Finished Goods and t preceding step) unta vt in process at June 30 (Enter antes frst, then the cost per equunt amount in the same order as called in the Lip Balm Department Ruby Lips produces a lo baim used for cold-weather sports. The bar is manufactured in a single processing department No pt was in process on May 31, and Ruby started production on 20.500 m during June Direct added at the beginning of the process, but conversion costs are incumaid every throughout the process. Completed production for June totaled 1200 units The June 30 work in process was 40% of the way through the production process Direct materials costing $4.305 were placed in production during June and direct labor of $3,450 and manufacturing overhead of 5020 were aged to the process Read the s Completed and transferred out Ending work in process Materials Costs Total Requirements 3 Ants to (a) uns completed and need to Feed Good Prepare account for Work in Pantry to show activity during Junk including the June 30 balance Print Done Total costs accounted for Requirement & Prepra Taccount for Work in Process vertory to show activity during June, recluding the June 30 For with a 50 meter the app Work in Process inventory Ruby Lips produces a lip balm used for cold-weather sports. The baim is manufactured in a single processing department. No lip balm was in process on May 31, and Ruby started production on 20.500 lo baim tubes during June Direct materials are added at the beginning of the process, but conversion costs are incurred evenly throughout the process. Completed production for June totaled 15,200 units. The June 30 work in process was 40% of the way through the production process. Direct materiais costing $4,305 were placed in production during June, and direct labor of $3,410 and manufacturing overhead of $020 were assigned to the process Read the regurements Requirements b. Ending work in process: Total costs accounted for Requirement & Prepare a Taccount for Work in Process inventory to show activity during June, including the June 30 balance Work in Process Inventory 1. Fin the time Ine for Ruby Lips 2. Use the time line to help you compute the total equivalent units and the cost per equivalent unit for June 3. Assign total costs to (a) units completed and transferred to Finished Goods and ) unita si in process at June 30 4. Prepare a Taccount for Work in Process Inventory to show activity during June, including the June 30 balance Print Done
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