Question
's Mayonnaise uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the
's Mayonnaise uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of March :March.) The units in ending work in process inventory were 70% complete with respect to direct materials but only 40% complete with respect to conversion.
Requirement
Summarize the flow of physical units and compute output in terms of equivalent units using the weighted-average method in order to arrive at the missing figures (a) through (l).
Complete the table below.
| Equivalent Units | |||
| Physical | Transferred- | Direct | Conversion |
| Units | in | Materials | Costs |
Units to account for: |
|
|
|
|
Beginning work in process | 31,000 |
|
|
|
Transferred in during March | 205,000 |
|
|
|
Total units to account for |
|
|
|
|
Units accounted for: |
|
|
|
|
Completed and transferred out |
|
|
|
|
Ending work in process | 36,000 |
|
|
|
Total units accounted for: |
|
|
|
|
Total equivalent units |
|
|
|
|
Homework: Chapter 6 Save Score: 0 of 1 pt 8 of 13 (7 complete) HW Score: 40.78%, 5.3 of 13 pts X E6-27A (similar to) Question Help Missell's Mayonnaise uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of March: (Click the icon to view the reported information for March.) The units in ending work in process inventory were 70% complete with respect to direct materials but only 40% complete with respect to conversion. Requirement Summarize the flow of physical units and compute output in terms of equivalent units using the weighted average method in order to arrive at the missing figures (a) through (1). Complete the table below. A Data Table - X Equivalent Units Transferred- Conversion Physical Units Direct Materials in Costs Equivalent Units Units to account for: Beginning work in process Physical Direct 31,000 205,000 Transferred- in Conversion Costs Units Materials Transferred in during March Units to account for: Total units to account for Beginning work in process 31,000 205,000 Units accounted for: Transferred in during March Completed and transferred out Total units to account for (a) Ending work in process 36,000 Units accounted for: Total units accounted for: Completed and transferred out (b) (d) (0) (g) (h) 0) (k) Total equivalent units Ending work in process 36,000 Total units accounted for: Enter any number in the edit fields and then click Check Answer. (C) (A) () 1) Total equivalent units All parts showing Check Answer Type here to search 4:46 PM CH BII e @ 9 M E E OM 6 M 50% ] ^ (r. 1 23 ENG 1092,00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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