Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Saved Help Save & Required information [The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing

image text in transcribed
Saved Help Save & Required information [The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 330.000 units of a product and transferred them to the next department of these transferred units, 66,000 were in process in the production department at the beginning of April and 264,000 were started and completed in April. Apel's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 88.000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. The production department had $918,775 of direct materials and $723,261 of conversion costs charged to it during April. Also, its Aprill beginning inventory of $185,284 consists of $142,285 of direct materials cost and $42,999 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 Equivalent units of production Cost per Equivalent Unit of Production Materials Conversion Total costs + Equivalent units of production Costs EUP Costs EUP

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

Studies Of Company Records (RLE Accounting)1830-1974

Authors: J. R. Edwards

1st Edition

1138983306, 9781138983304

More Books

Students also viewed these Accounting questions

Question

Describe the various types of risk to which investors are exposed.

Answered: 1 week ago