Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Saved Help s [The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its

image text in transcribed
Saved Help s [The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 405,000 units of a product and transferred them to the next department of these transferred units. 81.000 were in process in the production department at the beginning of April and 324.000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 103,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion Exercise 03-9 Weighted average: Costs assigned to output and inventories LO C2 The production department had $1.434.675 of direct materials and $1,002,573 of conversion costs charged to it during April. Also, its April beginning inventory of $287,867 consists of $222,485 of direct materials cost and $65.382 of conversion costs 1. Compute the direct materials cost per equivalent unit for April (Round "Cost per EUP" to 2 decimal places.) 2. Compute the conversion cost per equivalent unit for April (Round "Cost per EUP" to 2 decimal places.) 3. Using the weighted average method, assign April's costs to the department's output-specifically, its units transferred to the next department and its ending work in process inventory (Round "Cost per EUP" to 2 decimal places.) Required 1. and 2 Equivalent Units of Production (EUP) Weighted Average Method Units % Materials EUP Materials % Conversion EUP-Conversion Units completed and transferred out Units in ending inventory Prey 1 of 1 !!! Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting

Authors: Glenn Owen

3rd Edition

0357391691, 9780357391693

More Books

Students also viewed these Accounting questions