Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tableau DA 3-2: Exercise, Computing cost per equivalent unit and assigning costs to output LO P1 Monsta Cola hires us to help assign and report

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Tableau DA 3-2: Exercise, Computing cost per equivalent unit and assigning costs to output LO P1 Monsta Cola hires us to help assign and report costs. The company has two departments, mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method Work in Process Inventory (In Units) Beginning inventory Units started this period Units completed and transforred Ending inventory 0 100,000 800,000 200,000 700,000 Units completed and transferred: Solve for this value Work in Process Inventory Percent Complete Beginning Ending 100% 8096 6096 Units completed and transferred: Solve for this value Work in Process Inventory Percent Complete Beginning Ending 100% 8096 6096 - 4096 20% 0% Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Conversion Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Conversion Conversion Direct Materials Direct Materials **+ ableau | K TO 1. Compute the total equivalent units of production for direct materials and conversion 2. Compute the costs per equivalent unit of production 3. Assign costs to the mixing department's output (units transferred to bottling and ending work in process inventory) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total equivalent units of production for direct materials and conversion. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total equivalent units of production for direct materials and conversion. Direct materials Conversion Required 1 Required 2 > ete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the costs per equivalent unit of production. (Round your answers to 2 decimal places.) Direct materials Conversion per EUP per EUP 2. Compute the costs per equivalent unit of production 3. Assign costs to the mixing department's output (units transferred to bottling and ending work in process inventory) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assign costs to the mixing department's output (units transferred to bottling and ending work in process inventory). (Round "Cost EUP to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion EUP Ending work in process Direct materials Conversion Cost per EUP $ 0.00 S 0.00 Total cost 0.00 0.00 Total costs accounted for ete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the costs per equivalent unit of production. (Round your answers to 2 decimal places.) Direct materials Conversion per EUP per EUP 2. Compute the costs per equivalent unit of production 3. Assign costs to the mixing department's output (units transferred to bottling and ending work in process inventory) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assign costs to the mixing department's output (units transferred to bottling and ending work in process inventory). (Round "Cost EUP to 2 decimal places.) Cost assignment-Weighted average Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion EUP Ending work in process Direct materials Conversion Cost per EUP $ 0.00 S 0.00 Total cost 0.00 0.00 Total costs accounted for

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_2

Step: 3

blur-text-image_3

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

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

11th Edition

0131867121, 978-0131867123

More Books

Students also viewed these Accounting questions