Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
sent to the expertP 3 . 6 ( LO 3 , 4 ) , AP Hamilton Processing Company uses the weighted - average method and
sent to the expertPLO AP Hamilton Processing Company uses the weightedaverage method and manufactures a single productan industrial carpet shampoo used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking Department is as follows. Beginning work in process is complete for direct materials and complete for conversion costs. Ending work in process is complete for direct materials and complete for conversion costs. cravenerm@agmu.edu Printed by: cravenerm@agmu.edu. Printing is for personal use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. Hamilton Processing Company Mixing and Cooking Department Production Cost Report For the Month Ended October Hamilton Processing Company Mixing and Cooking Department Production Cost Report For the Month Ended October Equivalent Units Quantities Physical Units Materials Conversion Costs Units to be accounted for Work in process, October materials, conversion costs Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process, October materials, conversion costs Total units accounted for Costs Unit costs Materials Conversion Costs Total Total cost $ $ $ Equivalent units Unit costs $ $ $ Costs to be accounted for Work in process, October $ Started into production Total costs to be accounted for $ Costs accounted for Completed and transferred out $ Work in process, October Materials $ Conversion costs Total costs accounted for $ cravenerm@agmu.edu Printed by: cravenerm@agmu.edu. Printing is for personal use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. Instructions Prepare a schedule that shows how the equivalent units were computed so that you can complete the Quantities: Units accounted for equivalent units section shown in the production cost report, and compute October unit costs. a Materials $ Complete the production cost report for October b Completed and transferred out $ Ending WIP $ Determine equivalent units and unit costs and assign costs for processes; prepare production cost report.
sent to the expertPLO AP Hamilton Processing Company uses the weightedaverage method
and manufactures a single productan industrial carpet shampoo used by many
universities. The manufacturing activity for the month of October has just been
completed. A partially completed production cost report for the month of October for
the Mixing and Cooking Department is as follows. Beginning work in process is
complete for direct materials and complete for conversion costs. Ending work in
process is complete for direct materials and complete for conversion costs.
cravenerm@agmu.edu
Printed by: cravenerm@agmu.edu. Printing is for personal use only. No part of this book may be reproduced or transmitted without
publisher's prior permission. Violators will be prosecuted.
Hamilton Processing Company
Mixing and Cooking Department
Production Cost Report
For the Month Ended October
Hamilton Processing Company
Mixing and Cooking Department
Production Cost Report
For the Month Ended October
Equivalent Units
Quantities
Physical
Units
Materials
Conversion
Costs
Units to be accounted for
Work in process, October
materials,
conversion costs
Started into production
Total units to be accounted for
Units accounted for
Completed and transferred out
Work in process, October
materials, conversion
costs
Total units accounted for
Costs
Unit costs Materials
Conversion
Costs
Total
Total cost $ $ $
Equivalent units
Unit costs $ $ $
Costs to be accounted for
Work in process, October $
Started into production
Total costs to be accounted for $
Costs accounted for
Completed and transferred out $
Work in process, October
Materials $
Conversion costs
Total costs accounted for $
cravenerm@agmu.edu
Printed by: cravenerm@agmu.edu. Printing is for personal use only. No part of this book may be reproduced or transmitted without
publisher's prior permission. Violators will be prosecuted.
Instructions
Prepare a schedule that shows how the equivalent units were computed so that
you can complete the Quantities: Units accounted for equivalent units section
shown in the production cost report, and compute October unit costs.
a Materials $
Complete the production cost report for October
b Completed and transferred out $
Ending WIP $
Determine equivalent units and unit costs and assign costs for processes; prepare production
cost report.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started