Question
Selected production and cost data of Co. follow for : LOADING...(Click the icon to view the production and cost data.) On , the Department ending
Selected production and cost data of Co. follow for : LOADING...(Click the icon to view the production and cost data.) On , the Department ending Work-in-Process Inventory was % complete for materials and % complete for conversion costs. The Department ending Work-in-Process Inventory was % complete for materials and % complete for conversion costs. The company uses the weighted-average method. Read the requirementsLOADING.... Question content area bottom Part 1 Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the Department. Complete the partial production cost report below for the Department, showing the equivalent units of production for direct materials and for conversion costs. Nancy's Unity Co. Production Cost Report - Mixing Department (Partial) Month Ended May 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Completed and transferred out 75,000 75,000 75,000 Ending work-in-process 25,000 21,250 10,000 Total units accounted for 100,000 96,250 85,000 Part 2 Requirement 2. Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Department. Complete the partial production cost report below for the Department, showing the equivalent units of production for transferred in costs, direct materials and for conversion costs. Nancy's Unity Co. Production Cost Report - Heating Department (Partial) Month Ended May 31 Equivalent Units Physical Transferred Direct Conversion UNITS Units In Materials Costs Units accounted for: Total units accounted for
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